Can you please answer 1 & 2

Note: This is basically a review problem from Acct 3021, We discussed the implications of Consolidations for Majority Owned Subsidiaries (Those with NCI) in class on Monday October 7, 2024, Joey Corporation acquired 75 percent ownership of Legoria Company on January 1, 2022, at underlying book value. At that date. the fair value of the non-controlling interest was equal to 25 percent of the book value of Legoria Company. Consolidated Balance Sheets at January 1, 2024 and December 31, 2024 are as follows: RN e e [ 1.3074 Dec. 31,2024 Cash $ 68,500 $105.500 Accounts Receivable 82,000 107,000 Inventory 115,000 123,000 Land 45,000 65,000 Buildings and Equipment 515,000 550,000 Less: Accumulated Depreciation (186.500) (223,000) Patents 5,000 4,000 Total Assets $644,000 $731,500 Accounts Payable $61,000 $66,000 Wages Payable 26,000 20,000 Notes Payable 250,000 265,000 Common Stock ($10 par value) 150,000 150,000 Retained Earnings 130,000 199,500 Non-controlling Interest 27.000 31,000 Total Liabilities and Stockholders' Equity $644,000 $731,500 The Consolidated Income Statement for 2024 is: Sales $515,000 Cost of Goods Sold $259.000 Wage Expense 55,000 Depreciation Expense 36,500 Interest Expense 16,000 Amortization Expense 1,000 Other Expenses 39,000 (406,500) Consolidated Net Income $108,500 NCI in Earnings of Subsidiary (9,000) $99,500 Controlling Interest in Consolidated Net Income Joey and Legoria paid Dividends of $30,000 and $20,000, respectively, in 2024. Required: 1) Prepare the Consolidated Statement of Cash Flows using the Indirect Method for 2024. Again, this is basically an Intermediate 2 question with a few twists added related to Advanced Accounting. You can find any financial statement from a public company by going to the SEC website to use as a guide. : How would the Direct Method for Statement of Cash flows be presented compared to the Indirect Method? 2)