The data below are adapted from the financial statements of Long Boat Ltd. at the end of a recent year (in thousands).

Requirements
1. Prepare Long Boat's statement of cash flows for the year. Follow the solution to the summary problem starting on page 30. Not all the items given appear on the statement of cash flows.
2. Which activities provided the bulk of Long Boat's cash? Is this a sign of financial strength or weakness?

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Adjustments to reconcile net income Sales of capital assets to cash provided by operationsS 65 Payment of long-term debt Cost of goods sold. Common shares Accounts receivable Issuance of common shares Change in bank loan Payment of divid 3,182 212 271 3,870 (11) 23 123 234 180 1,000 Revenues Bank overdraft, beginning of year... Cash, end of year Purchases of capital a Long-term debt Net income (44) 24