The comparative balance sheet of Northern Movie Theatre Company at March 31, 2020, reported the following (Click the icon to view the current accounts.) Northern's transactions during the year ended March 31, 2020 included the following (Click the icon to view the transaction data.) Requirements 1. Prepare Northern Movie Theatre Company's statement of cash flows for the year ended March 31, 2020, using the indirect method to report cash flows from operating activities. Report non-cash investing and financing activities in an accompanying schedule 2. Evaluate Northern's cash flows for the year. Mention all three categories of cash flows and give the reason for your evaluation Requirement 1. Prepare Northern Movie Theatre Company's statement of cash flows for the year ended March 31, 2020, using the indirect method to report cash flows from operating activities. Report non-cash investing and financing activities in an accompanying schedule. Start by completing the cash flows from operating activities. Then, continue with completing the investing and financing activities sections. Finally, determine the net increase (decrease) in cash. (Use a minus sign or parentheses for subtracting numbers that are typically shown enclosed in parentheses in a statement of cash flows.) Northern Movie Theatre Company Statement of Cash Flows For the Year Ended March 31, 2020 Cash flows from operating activities Net income Adjustments to reconcile net income to net cash provided by operating activities. Depreciation Requirement 2. Evaluate Northern's cash flows for the year. Mention all three categories of cash flows, and give the reason for your evaluation. Northern Movie Theatre's cash flow looks Operations The company is The financing appears reasonable many at March 31, 2020, reported the following: cluded the following - X Current accounts ng activities. Report non sh flows for the year ended N categories of cash flows and March 31, 2020 2019 Current assets: Cash and cash equivalents Accounts receivable $ 13,800 $ 17,000 14,300 22,300 63,000 61,100 3,700 2,000 Inventories Prepaid expenses Current liabilities: Accounts payable Accrued liabilities Income tax payable 57.700 14,800 14,900 55,800 17,300 10,400 Print Done ext question any at March 31, 2020, reported the following: Huded the following rt non-cas sh flows - X i Transaction data Categond Acquisition of land by issuing note payable Payment of cash dividend Cash purchase of equipment Issuance of long-term note payable to borrow cash Sale of long-term investment $ 107,000 Depreciation expense 26,000 Cash purchase of building 79,100 Net income Issuance of common shares for cash 45,000 Share dividend $ 13,200 15,400 51,000 55,000 16,000 18,000 Print Done ext