The comparative balance sheet of Northern Movie Theatre Company at March 31, 2020 , reported the following:

{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.

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2020 March 31, 2019 Current assets: Cash and cash equivalents.. $ 9,900 $14,000 Accounts receivab.e. 14.900 21,700 Inventories. 63,200 60,600 Prepaid expenses. 1,900 1,700 Current liabilities: Accounts payable. Accrued liabilities. Income tax payable.... 30,300 27,600 10,700 11,100 8,000 4,700 Northern's transactions during the year ended March 31, 2020, included the following 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. $13,700 $101,000 Depreciation expense 17,300 30,000 Cash purchase of building. 47,000 78,700 Net income.... 50,000 Issuance of common shares for cash..... 11,000 50,000 Stock dividend 18.000