The comparative balance sheets of Maynard Movie Theater Company at June 30, 2010 and 2009, reported the following:

Maynard Movie Theater s transactions during the year ended June 30, 2010, included the following:

Requirements
1. Prepare Maynard Movie Theater Company€™s statement of cash flows for the year ended June 30, 2010, using the indirect method to report cash flows from operating activities. Report noncash investing and financing activities in an accompanying schedule.
2. Evaluate Maynard Movie Theaters cash flows for the year. Mention all three categories of cash flows and give the reason for yourevaluation.

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une 30 2010 2009 Current assets: $52,600 Accounts receivable..14,500 21,600 61,100 8,000 63,500 3,100 Inventories Prepaid exp Accounts payabl. Income tax payable Current liabilities: $57,800 56,200 37,300 17,300 10,100 9,100 Acquisition of land Sale of long-term investment....$12,700 by issuing note payable... $100,000 Depreciation expense 15,700 54,000 24,000 Amortization expense. Payment of cash dividend. Cash purchase of 9,000 Cash purchase of building... 29,000 Neti Issuance of common stock for cash Stock divid equipment79,000 Issuance of long-term note 11,000 payable to borrow cash. 42,000