The inoome statement and additional data of Four Season, Inc., follow: (Click the icon to vilw the income statement.) (1) (Cick the ioon to view the additional data.) Read the regulements Requirement 1. Prepare Four Season's statement of cash flows and acoompanying schedule of noncash investing and financing activities. Report operating activites using the direct method. Start by completing the cash flows from operating activites. Then complete the rest of the statement of cash flows and accompanying schedule of noncash inveating and financing activities. (Use parentheses or a minus sign for numbers to be subtracted and for a net decrease in cash.) investing and financing activities, Roport operating activites th flows and accompanying schedule of noncash investing and in cash.) investing and financing activities. Report cperating activites sh flows and accompunying schedule of noncash inveading and in cash.) Additional data: a. Collections from customers are $14,500 less than sales. b. Payments to suppliers are $2,300 less than the sum of cost of goods sold plus advertising expense. c. Payments to employees are $2,000 less than salary expenso. d. Dividend revenue, interest expense, and income tax expense equal their cash amounts. e. Acquisition of plant assets is $187,000. Of this amount, $133,000 is paid in cash and $54,000 is financed by signing a long-term note payable. 4. Proceeds from the sale of land totaled $21,000. 9. Proceeds from the issuance of common stock totaled $93,000. h. Payment of a long-term note payable is $13,000. 1. Payment of dividends is $10,500. j. Cash balance, April 30, 2020, was $23,000. Requirements 1. Prepare Four Season's statement of cash flows and acoompanying schedule of noncash irvesting and financing activites. Report operating activities using the direct method. 2. Evaluate the company's cash fows for the yoar. In your evaluation, mention all three categories of cash flows and give the rationale for your evaluation. 9 and financing activities. Report ogerating activities and accompanying schedule of ncncash investing and The income statement and additional data of Four Season, Inc, follow: IIt (Click the ioon to view the income statement.) (i) (Click the icon to view the additional data.) Read the cecvirements. The income statement and additional data of Four Season, Inc., follow: (Click the ioon to view the income statement.) (i) (Click the icon to view the additional data.) The income statement and additional data of Four Season, Inc., follow: (Click the icon to view the income statement.) (6) (Click the icon to view the additional data.) Read the reguirements. The income statement and additional data of Four Season, Inc., follow: (Cick the icon to view the income statement.) (1) (Click the icon to view the additional data.) Read the reguirements. Requirement 2. Evaluate the company's cash flows for the year. In your evaluation, mention all three categories of cash flows and give the rationale for your evaluation. Four Seasor's cash flows look are the main source of cash. The company invested in new assets . Four Season was able to . Al of these signs are
