please do requirment 1,2 and 3

QUESTION 1 REQUIRED: 1 5 points [a] Identify the three major sections of the statement of cash flows. [b] Under EACH major section, list THREE transactions that would be classified there on a Statement of Cash Flows. REQUIRED:2 10 points Simplex Company wants to use the indirect method to report operating activity on its statement of cash flows. For the year 2020, the following information was made available: Net Income Depreciation & Amortization Decrease in accounts receivable Increase in inventories Increase in prepaid expenses Increase in salaries payable Decrease in income taxes payable $624,000 87.000 22.000 9,200 8,500 10,000 14,000 [a] Prepare the Operating Activities section of Simplex Company's Statement of cash flows using the indirect method. [b] What other method could be used to prepare the Operating Activities section of a statement of cash flow beside the Indirect method? How are the two methods different. How are the two methods alike? REQUIRED 3: 5 points Earnest Pemberton Company provides the following comparative balance sheets for 2020 and 2019: 2020 2019 ASSETS Cash $ 7,350 $ 2,200 Accounts receivable 2,500 2,200 Inventory 4,000 3,000 Prepaid rent 150 300 Plant and equipment 14,500 12,000 Less: Accumulated depreciation (5,100) (4,500) $ 23,400 $ 15,200 Total Assets LIABILITIES AND SHAREHOLDERS' EQUITY Accounts payable Interest payable Unearned service revenue Income taxes payable Loan payable (Due 12/31/2024) Common Stock Retained Earnings Total Liabilities and shareholders' equity $ 1,400 100 800 550 5,000 10,000 5,550 $ 23,400 $ 2,100 0 600 800 0 9,000 2.700 $ 15,200 Based on the above information for Earnest Pemberton Company, respond to the following: ---- Click Save and Submit to save and submit. Click Save All Answers to save all answers. MacBook Air Plant and equipmer Question Completion Status: Less: Accumulate $ 23,400 $ 15,200 Total Assets LIABILITIES AND SHAREHOLDERS' EQUITY Accounts payable Interest payable Unearned service revenue Income taxes payable Loan payable (Due 12/31/2024) Common Stock Retained Earnings Total Liabilities and shareholders' equity $ 1.400 100 800 550 5,000 10,000 5,550 $ 23,400 $ 2,100 0 600 800 0 9,000 2,700 $ 15,200 Based on the above information for Earnest Pemberton Company, respond to the following: What is the increase or decrease in cash that the statement of cash flows for Earnest Pemberton Company should explain and where is it located on the comparative balance sheet above? Be specific Without further information, Identity transactions (along with S-amounts) that would be classified as cash flow items under 1. Investing Activities 2. Financing Activities. TT T Arial 3 (12pt) + T.EE Click Save and Submit to save and submit. Click Save All Answers to save all annars MacBook Air esc O DDO F3 B0074 11 FS 2 @ A * 2 # 3 $ 4 % 5 & 7 6 8 Q W E R T Y U