IV. Please prepare a vertical and horizontal analysis for the following statement of cash flow for the year 2020 and compare it with the year 2019. Identify and explain 5 of the most important issues. Statement of Cash FlowsYear ended March 31, 2020, with comparative information for 201920202019Cash provided by (used in):Operations:Annual surplus (deficit)Items not involving cash:Amortization of tangible capital assetsLoss on disposal of tangible capital assetsAmortization of deferred lease inducementsChanges in non-cash operating working capital items:Amounts receivablePrepaid expensesAccounts payable and accrued liabilitiesDeferred revenueDeferred lease inducements2$634,013$ (1,223,698)131,60977,763(55,473)63,186(34,121)465,773(1,856)(488,582)(617,238)(132,392)90,189(584,784)721,48771,923(1,028,210)146,009Capital activities:Purchase of tangible capital assets(312,842)(534,828)Decrease in cash and cash equivalents during the year(166,833)(1,563,038)Cash and cash equivalents, beginning of year3,441,0935,004, 131Cash and cash equivalents, end of year$ 3,274,260$ 3,441,093

Vertical Analysis of Cash Flow Year ended March 31, 2020 with comparative information of 2019…

Answered: lain 5 of t

Business

Accounting

lain 5 of t

Fundamentals Of Financial Management, Concise Edition (mindtap Course List)

10th Edition

ISBN:9781337902571

Author:Eugene F. Brigham, Joel F. Houston

Publisher:Eugene F. Brigham, Joel F. Houston

Chapter3: Financial Statements, Cash Flow, And Taxes

Section: Chapter Questions

Problem 12P

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