Please answer both questions $($requirements $1$ and $2)$

$1.$Prepare Four Season$\text{'}$s statement of cash flows and accompanying schedule of noncash investing and financing activities. Report operating activities using the direct method.

$2.$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 Season, Inc.

Income Statement

Year Ended June $30,2018$

Revenues:

Sales revenue $ $239,000$

Dividend revenue $9,500$ $$248,500$

Expenses:

Cost of goods sold $98,000$

$$Salary expense $47,000$

Depreciation expense $31,000$

Advertising expense $12,000$

Interest expense $4,800$

Income tax expense $7,000199,800$

Additional$$ data:

a$.$Collections from customers are $ $20000$ more than sales.

b$.$Payments to suppliers are $ $2300$ less than the sum of cost of goods sold plus advertising expense.

c$.$Payments to employees are $ $2500$ less than salary expense.

d$.$Dividend$$ revenue, interest$$ expense, and income tax expense equal their cash amounts.

e$.$Acquisition of plant assets is $ $190000.$ Of this$$ amount, $ $110000$ is paid in cash and $ $80000$ is financed by signing a$$ long$-$term note payable.

f$.$Proceeds from the sale of land totaled $ $27000.$

g$.$Proceeds from the issuance of common stock totaled $ $78000.$

h$.$Payment of a$$ long$-$term note payable is $ $31000.$

i$.$Payment of dividends is $ $8100.$

j$.$Cash$$ balance, June $30,2017,$ was $ $32000.$