The comparative balance sheets of Mystic Movie Theater Company at September 30, 2018 and 2017 reported the following: (Click the icon to view the balance sheets.) . Mystic's transactions during the year ended September 30, 2018, included: (Click the icon to view the transaction data.) .) Read the requirements SIR Requirement 1. Prepare Mystic 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) Mystic Movie Theater Company Statement of Cash Flows (Indirect Method) Year Ended September 30, 2018 Cash flows from operating activities: Data table More info Adjustments to reconcile net income to net cash provided by (used for) operating activities: September 30, Acquisition of land Proceeds from sale of long- 2018 2017 Current assets: Cash and cash equivalents S 32,000 $ 23.000 by issuing note payable Amortization expense Payment of cash dividend... Cash purchase of equipment.... $ 115,000 term investment $ 13,400 9,000 Depreciation expense. 15,600 32,000 Cash purchase of building .. 48.000 Net income...... 58,000 79,000 Issuance of common Accounts receivable 14,000 21.800 Inventories 83,400 60.800 Prepaid expenses 3.700 1,700 stock for cash 15,000 Issuance of long-term note payable to borrow cash Current liabilities: 49,000 Stock dividend........ 8,000 Accounts payable $ 57,400 $ 55,600 I Accrued liabilities 24,300 17,300 Net cash provided by (used for) operating activities Cash flows from investing activities: Income tax payable 6.100 10.100 Print Done Print Done Net cash provided by (used for) investing activities Cash flows from financing activities: Requirements 1. Prepare Mystic Movie Theater Company's statement of cash flows for the year ended September 30, 2013. using the indirect method to report cash flows from operating activities. Report noncash investing and financing activities in an accompanying schedule. 2. Evaluate Mystic's cash flows for the year. Mention all three categories of cash flows, and give the rationale for your evaluation. Net cash provided by (used for) financing activities Net increase (decrease) in cash Print Done Noncash investing and financing activities: The comparative balance sheets of Mystic Movie Theater Company at September 30, 2018 and 2017, reported the following: (Click the icon to view the balance sheets.) Mystic's transactions during the year ended September 30, 2018, included: i (Click the icon to view the transaction data) Read the requirements HI! Cash flows from operating activities: Data table More info Adjustments to reconcile net income to net cash provided by (used for) operating activities: Acquisition of land Proceeds from sale of long- September 30, 2018 2017 $ 115,000 term investment ....S 13.400 Current assets: 15,600 Cash and cash equivalents S 32,000 $ 23.000 by issuing note payable Amortization expense Payment of cash dividend Cash purchase of equipment Issuance of long-term note 9,000 Depreciation expense.... . 32.000 Cash purchase of building Net income... 48,000 Accounts receivable 14,000 21.800 58,000 Inventories 83,400 80.800 79,000 Issuance of common stock for cash 3,700 1.700 15.000 payable to borrow cash 49.000 Stock dividend...... 8,000 Prepaid expenses Current liabilities: : Accounts payable Accrued liabilities Income tax payable $ $ 57,400 $ 55.600 24,300 17.300 Net cash provided by (used for) operating activities Cash flows from investing activities: 6.100 10.100 Print Done Print Done Net cash provided by used for) investing activities Cash flows from financing activities: Requirements Net cash provided by (used for) financing activities Net increase (decrease) in cash 1. Prepare Mystic 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. 2. Evaluate Mystic's cash flows for the year. Mention all three categories of cash flows, and give the rationale for your evaluation Noncash investing and financing activities: Print Done Requirement 2. Evaluate Mystic's cash flows for the year. Mention all three categories of cash flows, and give the rationale for your evaluation Mystic Movie Theater Company's cash flows look V are the main source of cash. Mystic 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 Mystic Movie Theater generated a cash flow from financing activities. These financing activities indicate that the Mystic Movie Theater credit-worthy to be able to issue long-term notes. We also see that the company has funds to pay cash dividends