please read the scenario below and make the following changed when required.

A recent graduate from ACCT 1510 has given you an opportunity to determine what the changes were from 2022 to 2023 for UofU Inc. Provided is the statement of financial position and Statement of Earning as of May 31, 2023, with a comparative of 2022 (Exhibit 1 and 2). first please prepare a Statement of Cash Flows using the indirect method. considering The company is a private enterprise and chooses to follow the Accounting Standards for Private Enterprises (ASPE).

You will also need to evaluate the results from the Statement of Cash Flows, and summarize the changes that occurred. In addition, you will need to calculate the following ratios:

Current Ratio Debt to Equity Ratio Accounts Receivable Turnover Ratio Inventory Turnover Ratio ROE

please make the following changes to exhibt 1 and 2 using the additional data below.

please round 2 decimal places and show all workings.

Additional Data:

1. Cash Dividends of $10,000 were declared and paid.
2. Net Income for 2023 was $75,000.
3. Depreciation expense of $25,000
4. Long-term investments had a value of $ 45,000 and were sold for cash for a gain of $10,000. Additional long-term investments of $35,000 were purchased for cash.
5. Principal payment of $47,000 on long term debt
6. Shares sold for $50,000 cash.
7. Equipment with a cost of $25,000 and accumulated depreciation of $23,000 wassold for $14,000 cash. New Equipment was purchased for $35,000 cash.

below is the statement of financial position and Statement of Earning as of May 31, 2023, with a comparative of 2022 (Exhibit 1 and 2).

Exhibit 1 Exhibit 2