Data Table November 30, 2018 2017 $ 13,000 21,400 Current assets: Cash and cash equivalents Accounts receivable Inventories Prepaid expenses Current liabilities: Accounts payable Accrued liabilities Income tax payable 14,400 $ 14,800 63,900 3,300 61,200 9,000 $ 56,300 58,200 $ 44,200 37,200 3,400 10,400 i More Info $ 15,900 Acquisition of land by issuing note payable Amortization expense Payment of cash dividend Cash purchase of equipment Issuance of long-term note payable to borrow cash Proceeds from sale of long- $ 107,000 term investment 4,000 Depreciation expense 34,000 Cash purchase of building Net income 50,000 Issuance of common stock for cash 28,000 Stock dividend 15,000 59,000 52,000 18,000 7,000 i Requirements 1. Prepare Maynard Movie Theater Company's statement of cash flows for the year ended November 30, 2018, using the indirect method to report cash flows from operating activities. Report noncash investing and financing activities in an accompanying schedule. 2. Evaluate Maynard's cash flows for the year. Mention all three categories of cash flows, and give the rationale for your evaluation. Requirement 1. Prepare Maynard Movie Theater Company's statement of cash flows for the year ended November 30, 2018, using the indirect method to report cash flows from operating activities. Report noncash investing and financing activities in an accompanying schedule. Start by completing the cash flows from operating activities. Then complete the remaining statement of cash flows and the accompanying schedule of noncash investing and financing activities. (Use parentheses or a minus sign for numbers to be subtracted and for a net decrease in cash.) Maynard Movie Theater Company Statement of Cash Flows (Indirect Method) Year Ended November 30, 2018 Cash flows from operating activities: Adjustments to reconcile net income to net cash provided by (used for) operating activities: Net cash provided by (used for) operating activities Net cash provided by (used for) operating activities Cash flows from investing activities: Net cash provided by (used for) investing activities Cash flows from financing activities: Net cash provided by (used for) financing activities Net increase (decrease) in cash Noncash investing and financing activities: Choose from any list or enter any number in the input fields and then continue to the next question. Net cash provided by (used for) financing activities Net increase (decrease) in cash Noncash investing and financing activities: Requirement 2. Evaluate Maynard Movie Theater's cash flows for the year. Mention all three categories of cash flows, and give the reason for your evaluation. Maynard Movie Theater Company's cash flows look are the main source of cash. cash flow from investing activities largely due to the of equipment and a bulkling. Maynard Movie Theater generated a assets generally bodes for the future when a company invests in new capital credit-worthy to be able to issue long-term notes. We also Maynard Movie Theater generated a see that the company has cash flow from financing activities. These financing activities indicate that the Maynard Movie Theater funds to pay cash dividends. Choose from any list or enter any number in the input fields and then continue to the next