The comparative balance sheets of Mystic Movie Theater Company at September 30, 2018 and 2017,...
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The comparative balance sheets of Mystic Movie Theater Company at September 30, 2018 and 2017, reported the following: E (Click the icon to view the balance sheets.) Mystic's transactions during the year ended September 30, 2018, included: (Click the icon to view the transaction data.) Read the requirements. Requirement 1. Prepare Mystic Movie Theater Company's statement of cash flows for the year ended September 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.) Mystic Movie Theater Company Statement of Cash Flows (Indirect Method) Data Table i More Info Year Ended September 30, 2018 Cash flows from operating activities: September 30, Adjustments to reconcile net income to Acquisition of land Proceeds from sale of long- 2018 2017 $ 115,000 $ 13,400 net cash provided by (used for) operating activities: by issuing note payable term investment ..... Current assets: Amortization expense 4.400 Depreciation expense 15,600 Cash and cash equivalents 17.300 S 13,500 Payment of cash dividend.... 31,000 Cash purchase of building 41,000 13,900 Accounts receivable 21,800 Cash purchase of Net income. 50,000 Inventories 63,200 60,500 equipment 59,100 Issuance of common Prepaid expenses 3,100 9,000 Issuance of long-term note stock for cash 10,000 Current liabilities: payable to borrow cash 28,000 Stock dividend 7,000 Accounts payable 57,900 S 55,500 Accrued liabilities 24,300 17,300 Print Done Income tax payable 4,000 11,000 Net cash provided by (used for) operating activities Cash flows from investing activities: Print Done 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 Choose from any list or enter any number in the input fields and then continue to the next
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