Requirement 1. Prepare Four Season's statement of cash flows and accompanying schedule of noncash investing and financing activities. Report operating activities using the direct method. Start by completing the cash flows from operating activities. Then complete the rest of the statement of cash flows and accompanying schedule of noncash investing and financing activities. (Use parentheses or a minus sign for numbers to be subtracted and for a net decrease in cash.) Four Season, Inc. Statement of Cash Flows (Direct Method) Year Ended September 30, 2021 Cash flows from operating activities: Receipts: Total cash receipts Payments: Total cash payments Net cash provided by (used for) operating activities Data table Four Season, Inc. Income Statement Year Ended September 30, 2021 Revenues: Sales revenue Dividend revenue 255,000 8,500 $ 263,500 Expenses: Cost of goods sold 109,000 Salary expense 43,000 Depreciation expense 30,000 Advertising expense 12,500 Interest expense 4,600 12,000 211,100 Income tax expense $ 52,400 Net income Print Done More info Additional data: a. Collections from customers are $20,000 more than sales. b. Payments to suppliers are $2,000 less than the sum of cost of goods sold plus advertising expense. c. Payments to employees are $2,200 less than salary expense. d. Dividend revenue, interest expense, and income tax expense equal their cash amounts. e. Acquisition of plant assets is $199,000. Of this amount, $122,000 is paid in cash and $77,000 is financed by signing a long-term note payable. f. Proceeds from the sale of land totaled $22,000. g. Proceeds from the issuance of common stock totaled $50,000. h. Payment of a long-term note payable is $17,000. i. Payment of dividends is $10,000. j. Cash balance, September 30, 2020, was $36,000. Requirements 1. Prepare Four Season's statement of cash flows and accompanying schedule of noncash investing and financing activities. Report operating activities using the direct method. 2. Evaluate the company's cash flows for the year. In your evaluation, mention all three categories of cash flows and give the rationale for your evaluation. Print Done