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You and your team will be tasked with three critical financial challenges that will test your skills and knowledge. Firstly, you will construct a Cash Flow Statement using the Indirect Method, showcasing your understanding of this essential financial tool. Secondly, you will tackle the calculation of Inventory for a company using three different Costing Methods, highlighting your ability to analyze and compare various methods. Lastly, you will calculate the Depreciation for Long-Lived Assets using different Depreciation Methods, demonstrating your mastery of this important accounting concept. This assignment is designed to be both challenging and rewarding, so grab your team and get ready to unleash your full potential. Question One: Use the following balance sheet and income statement to prepare a statement of cash flow under the Indirect Method. Balance Sheet for 2021 and 2022 \begin{tabular}{lcc} & 2022 & 2021 \\ \hline Liabilities & & \\ Current liabilities & $9,000 & $5,000 \\ Accounts payable & 4,500 & 8,000 \\ Wages payable & 3,500 & 3,000 \\ Interest payable & 5,000 & 4,000 \\ Taxes payable & 6,000 & 1,000 \\ Dividends payable & 28,000 & 21,000 \\ Total current liabilities & & $10,000 \\ Non-current liabilities & $15,000 & 15,000 \\ Bonds & 20,000 & 25,000 \\ Different tax liability & 35,000 & 46,000 \\ Total non-current liabilities & $63,000 & \\ Total Liabilities & & \end{tabular} \begin{tabular}{lcc} \hline Shareholders' equity & & \\ Common stock & $40,000 & $50,000 \\ Returned earnings & 59,000 & 30,000 \\ \hline Total Liabilities & $99,000 & $80,000 \\ \hline Total liabilities and equity & $162,000 & $126,000 \\ \hline \end{tabular}