The following is the comparative statement of cash flows for the Glass Slipper Shoe Company Limited:

Glass Slipper Shoe Company Limited Statement of Cash Flows Year ended July 31, 2019

	2019
Cash flows from operating activities:
Net income	$80,000
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation	12,500
Gain on disposal of property, plant & equipment	(5,000)
Net decrease in current assets other than cash	30,000
Net (decrease) increase in current liabilities	(5,000)
Net cash provided by operating activities	112,500
Cash flows from investing activities:
Purchase of equipment	(55,000)
Proceeds from sale of equipment	20,000
Net cash used in investing activities	(35,000)
Cash flows from financing activities:
Issuance of long term note payable	30,000
Repayment of long-term debt	(22,000)
Payment of dividends	(80,000)
Net cash used in financing activities	(72,000)
Net increase (decrease) in cash	5,500
Beginning cash balance	105,500
Ending cash balance	$111,000

2018 $120,000

10,000 (15,000) 20,000 15,000 150,000

(5,000) 55,000 50,000

0 (20,000) (50,000) (70,000)

130,000 (24,500) $105,500

Required: Identify 5 strengths or weaknesses for the Glass Slipper Shoe Company Limited

based on the above Statement of Cash Flows. Indicate why it is a strength or weakness. There must be at least one strength and one weakness.