The comparative balance sheets of Loop Movie Theater Company at June 30, 2018 and 2017 reported the following Click the soon to view the balance sheets) Loop's transactions during the year ended June 30, 2016, included: (Click the icon to view the transaction data) Read the requirements Requirement 1. Prepare Loop Movie Theater Company statement of cath flows for the year ended Jure 30, 2018, using the direct method to report cash fows from operating activities Report rocash investing and financing activities in an accompanying schedule Start by completing the cash fows from operating activities. Then complete the remaining statement of cash town and the accompanying schedule of noncash investing and financing activities. (Use parentheses or a minua sign for numbers to be braced and for a netecrease incash) Loop Movie Theater Company Statement of Cash Flows Indirect Method) Year Ended June 30, 2018 Cash flows from operating activities Austen to reconcie net income Choose from any or ante any number in the input fields and then continue to the next question The comparative balance sheets of Loop Movie Theater Company at June 30, 2018 and 2017, reported the following: (Click the icon to view the balance sheets.) Loop's transactions during the year ended June 30, 2018, included: (Click the icon to view the transaction data.) Read the requirements. 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: Read the requirements. 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 Choose from any list or enter any number in the input fields and then continue to the next question. The comparative balance sheets of Loop Movie Theater Company at June 30, 2018 and 2017, reported the following Click the icon to view the balance sheets) Loop's ansactions during the year ended June 30, 2016, included Click the icon to view the transaction data Read the requirements Net cash provided by used for financing activities Net Increase (decrease in cash Noncash investing and financing activities! Requirement 2. Evaluate Loop's cash lows for the year. Mention at the categories of cash flows, and give the rationale for your evaluation Loop Movie Theater Company's cash flows look the main source of cash Loop Movie Theater genere cash flow from investing activities largely due to the of equipment and a building generally bodies Loop Movie Theater generated a Chow tromfnanong activities. These franding activities indicate that he Loop Movie Theater has funds to pay cash dividends for there when company invests in new cases credit worthy to be able to long-term notes. We also see that the company Choose from any store any number in the input fields and then continue to the next question i Data Table June 30, 2018 2017 Current assets: $ 56,600 $ 14,500 Cash and cash equivalents Accounts receivable 14,600 64,000 3,100 21,500 60,400 9,000 ree catego Inventories Prepaid expenses Current liabilities: Accounts payable Accrued liabilities Income tax payable $ 57,500 $ 27,500 55,200 17,500 10,000 activities ar 6,000 for the future when a activities. Th credit-worthy to be able Print Done then continue to the next question, Data Table * More Info $ 14,100 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- $ 91,000 term investment 5,000 Depreciation expense 35,000 Cash purchase of building Net income.. 45,600 Issuance of common stock for cash 43,000 Stock dividend 16,100 46,000 58,000 allt 15,000 9,000 ing ure when Print Done cing to be ab Print Done