Question 2 (10 points) The following is the comparatie statement of cash flows for the Glass Slipper Shoe Company Limited Glass Slipper Shoe Company Limited Statement of Cash Flows Year ended July 31, 2019 2019 2018 $80,000 $120,000 Cash flows from operating activities: Net income Adjustments to reconcile net income to net cash provided by operating activities Depreciation Gain on disposal of property, plant & equipment Net decrease in current assets other than cash Net (decrease increase in current liabilities Net cash provided by operating activities Cash flows from investing activities: Purchase of equipment Proceeds from sale of equipment Net cash used in investing activities 12,500 (5,000) 30,000 (5,000) 112.500 10,000 (15,000 20.000 15.000 150,000 (55,000) 20.000 35.000) (5,000 55.000 50.000 Cash flows from financing activities: Issuance of long term note payable Repayment of long-term debt Payment of dividends Net cash used in financing activities 30,000 22.000) (80.000) 22.000 0 20,000) (5000) 20.000) Net increase (decrease) in cash Beginning cash balance Ending cash balance 5.500 105.500 SU1000 130.000 4.500 S1050 Required: Identify 5 strengths or weaknesses for the Glass Slipper Shoe Company Limited based on the above Statement of Cash Flows. Indicate why it is a strength or weakness. There must be at least one strength and one weakness