The comparative balance sheets of Loop Movie Theater Company at September 30, 2018 and 2017, reported the following: : (Click the icon to view the balance sheets.) Loop's transactions during the year ended September 30, 2018, included: (Click the icon to view the transaction data.) Read the requirements Requirement 1. Prepare Loop Movie Theater Company's statement of cash flows for the year ended September 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.) Loop Movie Theater Company Statement of Cash Flows (Indirect Method) Year Ended September 30, 2018 Cash flows from operating activities: Data table More info September 30, 2018 2017 Proceeds from sale of long- Adjustments to reconcile net income to net cash provided by used for) operating activities: Current assets: $ 19,800 $ 22.000 15,600 12,000 $ Cash and cash equivalents Accounts receivable $ 118,000 term investment 4,400 Depreciation expense 35,000 Cash purchase of building Net income 52.000 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 21,400 Inventories 44,000 63,500 61,300 2.900 2,300 78,600 Issuance of common stock for cash ........ 9,000 Prepaid expenses Current liabilities: Accounts payable Accrued liabilities Income tax payable $ 42,000 Stock dividend .......... 56,000 57,300 $ 9,000 47,200 37,200 15,100 10,100 Print Done Net cash provided by (used for) operating activities Cash flows from investing activities: Print Done 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 Loop's cash flows for the year. Mention all three categories of cash flows, and give the rationale for your evaluation. Loop Movie Theater Company's cash flows look v are the main source of cash. Loop Movie Theater generated a V 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. Loop Movie Theater generated a cash flow from financing activities. These financing activities indicate that the Loop Movie Theater credit-worthy to be able to issue long-term notes. We also see that the company has funds to pay cash dividends