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The comparative balance sheets of Maynard Movie Theater Company at June 30, 2018 and 2017, reported the following: (Click the icon to view the balance sheets.) Maynard's transactions during the year ended June 30, 2018, included: (Click the icon to view the transaction data.) Read the requirements. Requirement 1. Prepare Maynard Movie Theater Company's statement of cash flows for the year ended June 30, 2018, using the indirect method to report cash flows from operating activities. Report noncash investing and financing activities in an accompanying schedule. Start by completing the cash flows from operating activities. Then complete the remaining statement of cash flows and the 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.) Maynard Movie Theater Company Statement of Cash Flows (Indirect Method) Year Ended June 30, 2018 Cash flows from operating activities: Adjustments to reconcile net income to net cash provided by (used for) operating activities: Net cash provided by (used for) operating activities Cash flows from investing activities: Net cash provided by (used for) investing activities Cash flows from financing activities: Net cash provided by used for) financing activities Net increase (decrease) in cash Noncash investing and financing activities: Requirement 2. Evaluate Maynard's cash flows for the year. Mention all three categories of cash flows, and give the rationale for your evaluation. Maynard Movie Theater Company's cash flows look are the main source of cash. Maynard Movie Theater generated a cash flow from investing activities largely due to the of equipment and a building. It generally bodes for the future when a company invests in new capital assets. Maynard Movie Theater generated a cash flow from financing activities. These financing activities indicate that the Maynard Movie Theater credit-worthy to be able to issue long-term notes. We also see that the company has funds to pay cash dividends. 0 Requirements Data Table 1. Prepare Maynard Movie Theater Company's statement of cash flows for the year ended June 30, 2018, using the indirect method to report cash flows from operating activities. Report noncash investing and financing activities in an accompanying schedule. 2. Evaluate Maynard's cash flows for the year. Mention all three categories of cash flows, and give the rationale for your evaluation. June 30, 2018 2017 Done $ Print 23,000 Current assets: Cash and cash equivalents Accounts receivable Inventories Prepaid expenses Current liabilities: Accounts payable Accrued liabilities Income tax payable 26,800 $ 14,600 63.900 4,500 22,200 60,400 9,000 $ 13,000 $ 57,700 S 66.900 55,700 46,900 Acquisition of land by issuing note payable Amortization expense Payment of cash dividend. Cash purchase of equipment.. Issuance of long-term note payable to borrow cash Proceeds from sale of long- $ 107.000 term investment 4,400 Depreciation expense 27,000 Cash purchase of building Net income 62,200 Issuance of common stock for cash 43,000 Stock dividend 15,000 46,000 17.000 9,400 10,400 17,000 8,000 Print Done Print Done