Refer to the Carvalho Entertainment Inc. cash flow statement provided and answer the following questions: i (Click the icon to view the consolidated statement of cash flows.) C Required a. What is the period of time covered by Carvalho's cash flow statement? b What was Carvalho's net income during the period covered by the cash flow statement? In the Investing Activities section, on what did Carvalho spend most of its cash? How much cash did Carvalho spend? (Note that cash outflows, or cash payments, are indicated by dollar amounts in parentheses.) d. In the Financing Activities section, on what did Carvalho spend most of its cash? How much cash did the company spend on this category? e. What amount of cash and cash equivalents did Carvalho report on its balance sheet at the end of 2017? a. What is the period of time covered by Carvalho's cash flow statement? O A. The year ended August 31, 2016. OB. The month ended August 31, 2017 O C. The month ended August 31, 2016 OD. The year ended August 31, 2017 b. What was Carvalho's net income during the period covered by the cash flow statement? (Use parentheses or a minus sign to indicate a net loss. Enter the amount in thousands as provided to you in the problem statement.) The net income (loss) for the period was $thousands. c. In the Investing Activities section, on what did Carvalho spend most of its cash? How much cash did Carvalho spend? (Note that cash outflows, or cash payments, are indicated by dollar amounts in parentheses.) (Enter the amount in thousands as provided to you in the problem statement.) Carvalho spent most of its cash in the investing activities section on The company spent $ thousands. d. In the Financing Activities section, on what did Carvalho spend most of its cash? How much cash did the company spend on this category? (Enter the amount in thousands as provided to you in the problem statement.) Carvalho spent most of its cash in the financing activities section on The company spent $ thousands i Consolidated statement of cash flows 2017 2016 225,282 143,437 Carvalho Entertainment Inc. Consolidated Statement of Cash Flows For the Year Ended August 31, 2017 (in thousands of Canadian dollars) Operating activities Net income for the year Adjustments to reconcile net income to cash provided by operating activities: Amortization of program rights Amortization of film investments Depreciation and amortization Deferred income taxes (recovery) Intangible and other assets impairment (recovery) 509,449 23,898 91,784 17,139 5,271 315,696 22,587 74,093 (22,607) (825) (505,223) (369,829) 367,600 66,313 162,552 42,905 ne Other Cash flow from operations Net change in non-cash working capital balances related to operations Cash provided by operating activities Investing activities Additions to property, plant and equipment Net proceeds from disposition 301,287 205,457 (26,967) (22,553) 208, 161 LAOLA Print Done 0 Consolidated statement of cash flows 301,287 205,457 Cash provided by operating activities Investing activities Additions to property, plant and equipment Net proceeds from disposition Business combinations, net of acquired cash Proceeds from disposition of non-controlling interest Proceeds from disposition of investment Net cash flows from intangibles, investments, and other assets Cash used in investing activities Financing activities Increase (decrease) in bank loans Issuance of shares under stock option plan Dividend paid Dividend paid to non-controlling interest (26,967) (22,553) 208,161 3,018 (1,818,219) 5,213 4,127 1,697 (6,327) (19,545) (20,936) (1,650,459) 1,954,945 (111,395) 156 (105,367) (34,917) (89,290) (19,914) LEE (3,258) (355,602) Other Cash provided by (used in) financing activities Net change in cash and cash equivalents during the year Cash and cash equivalents, beginning of the year Cash and cash equivalents, end of the year (254,781) 25,570 83,233 1,490,139 45,137 38,096 $ 108,803 S 83,233 Print Done