The comparative balance sheet of Simon Theatre Company at March 31, 2020, reported the following (Click the icon to view the current accounts.) Simon's transactions during the year ended March 31, 2000 included the following (Click the icon to view the transaction data) Requirements 1. Prepare Simon Theatre Company's statement of cash flows for the year ended March 31, 2020, using the indirect method to report cash flows from operating activities Heport non-cash investing and financing activibes in an accompanying schedule 2. Evaluate Simon's cash flows for the year. Menton all three categories of cash flows and give the reason for your evaluation Requirement 1 Prepare Simon Theatre Company's statement of cash Rows for the year ended March 31, 2020, using the indirect method to port cash flows from operating activities Report ren-cash investing and financing activities in an accompanying schedule Start by comparing the cash flows from operating actes Then, continue with completing the inventing and financing activites sections Finaly determine the net cesse dose) in cash (Use a minus sign or parentheses for subtracting numbers that are typically shown enclosed in parentheses statement of cash flows) Simon Theatre Company Statenent of Cauls Fows For the Year Ended March 31, 2020 Cash flows from operating acties Net income Adjustments concile et income o net cash provided by opening activit Depreciation Decree accounts recewable The comparative balance sheet of Simon Theatre Company at March 31, 2020 reported the following (Click the icon to view the current accounts.) Simon's transactions during the year ended March 31, 2020 included the following (Click the icon to view the transaction data.) Requirements 1. Prepare Simon Theatre Company's statement of cash flows for the year ended March 31, 2020, using the andrect method to report cash flows from operating activites Report non cash investing and inanong activities in an accompanying schedule 2. Evaluate Simon's cash flows for the year Menton all three categories of cash flows and give the reason for your evaluation Decrease in accounts receivable increase in inventones Increase in prepaid expenses increase in accounts payable Decease in accrued lablbes increase in income tax payable Net can providest try operating activbes Cash fows bom evesting activities Purchase of equipment Purchine of building Sale of long-term investment Net cash used for investigat st 5 6 7 K t The comparative lance sheet of Simon Theatre Company at March 31, 2020, reported the folowing (Click the icon to view the current accounts) Simon's tramactors during the year ended March 31, 2020 included the flowing Click the icon to view the transaction data) Requirements 1. Prepare Theatre Company's statement of cash Sows for the year ended March 31, 2020, ining the indirect method to report canh Bows from operating activities Report non-cash investing and financing activities in an accompanying schedule 2 Evaluate Simon's cash flows for the year Mention at three categories of cash flows and give the reason for your evaluation Cash flows from trancing act suance of long him note peystie Issence of common shares Payment of cash des Cavalo Mack 31, 2010 Cash balance March 312000 No cash investing and facing Action of land by K The comparative balance sheet of Simon Theatre Company al March 31, 2020, reported the folowing (Click the icon to view the current accounts) Simon's ansactions during the year ended March 31, 2020 included the following (Click the icon to view the transaction data) Requirements 1. Prepare Simon Theatre Company's statement of cash flows for the year ended March 31, 2020, wung the indirect method so report cash flows from operating activities Report non cash investing and Inancing acvibes in an accompanying schedule 2 Evaluate Simon's cash flows for the year Menton all three categones of cash flows and give the reason for your evaluation Issuance of common shares Payment of canh adds Jest can provided try Snancing actives Not save odeca in cash Cash haava, March 31, 2019 Cash talance, March 31, 2000 Non can renting and financing activ GED Acquation of land by g Requirement 2. Evaluate Simon's cash fines to the year Mention all three categories of cash tows and give the reason for your Simon Theatres cinho looks Operations The mn The Snancing personable estion 6 uestion 7 Gestion 8 Canance March 31, 2020 Non cnh investing and franc Aten ut and by) Requirement 2. vuale Smo Son Thew's cash flow looks Operations estion 91 ya Mendon a cages of cash flows and give the reason to your w The cy The buncing 7 Cash bance March 31, 2019 Cash barance March 31, 2020 Non can investing an ancing active Naustion of wod fy ng Opas den on cashows The company and ge the na The anony Cash balance March 31, 2019 Cesh balance March 31, 2020 Non cash investing and financing activities Acquston of land by sang vesting in new assets Requirement 2. Evauare Simon's cash flows for the year Merton at Prae cages of cash flows, a Seon Thee's cash few locks Operations The company is saling pant assets to ga cath The bancing Non.cash investing and fancing activities Acquisition of land by isang note payable Requirement 2. Evaluato Simon's cash flows for the year Mention at these categories of cash flows, and give the reason for your evaluation Smon Theatre's cash flow looks Operations The company is The financing behindow cash outfow appears sabie tive balance sheet of Simon Theatre Company at March 31, 2020, reported the following he icon to view the current actions during the year en e icon to view the transa Current accounts - X This question: 10 point(s) pos d to report cash flows from operating a ts Simon Theatre Company's activities in an accompany Simon's cash flows for the ce of common shares ent of cash dividends Current assets: Cash and cash equivalents Accounts receivable Inventories March 31, 2020 on 2019 $ 12,700 $ 17,000 14,700 21,900 63,900 60,600 3,200 1,500 t cash provided by financing Prepaid expenses ase (decrease) in cash ance March 31 2019 Current liabilities: Accounts payable 57,500 56,000 ance, March 31, 2020 Accrued liabilities 14,400 17,300 Income tax payable 14.600 10,000 investing and financing activ sition of land by issuing ote payable ent 2. Evaluate Simon's cash atre's cash flow looks Operations Print Done your evaluation Click the icon to view the transaction data.) Requirements 1. Prepare Simon financing activitie 2. Evaluato Simon Issuance of con Payment of cas Net cash pre Net increase (decre Cash balance, Mar Cash balance, Mar Transaction data Acquisition of land by issuing note payable Payment of cash dividend Cash purchase of equipment Issuance of long-term note Sale of long-term investment $ 100,000 Depreciation expense. 30,000 Cash purchase of building 78,200 Net income... $13,400 15,100 51,000 57,000 payable to borrow cash Issuance of common shares for cash 47,000 Share dividend 17,000 18,000 Non-cash investing Acquisition of Print Done Xws from operating activities. Rep note payable Requirement 2. Evaluate Simon's cash flows for the year. Mention all three categories of cash flows, and give the reason for your evaluation Simon Theatre's cash flow looks Operations The company is The financing appears re