【正文】 LIFO COGS weighted average COGSFIFO COGS C. LIFO COGS=weighted average COGS=FIFO COGS D. weighted average COGS LIFO COGS FIFO COGS 17. In a period of rising prices, LIFO liquidation results in: A. higher earnings. B. increase in accounts receivable. C increase in inventory. D. lower earnings. 18. JME purchased 400 units of inventory that cost $ each. Later the firm purchased an additional 500 units that cost $ each. JME sold 700 units of inventory for $ each. If JME uses a first in, first out (FIFO) cost flow method, the amount of gross profit appearing on the ine statement is: A. $3,600. B. $4,650. C. $7,350. D. $2,700. 19. Compared with firms that expense costs, firms that capitalize costs can be expected to report: A. higher asset levels and higher equity levels in the early years of the asset39。s life. B. lower asset levels and higher equity levels in the early years of the asset39。s life. D. lower asset levels and lower equity levels in the early years of the asset39。s free cash flow for the period? A. $46million. B.$30million C. $36million D.$44million 30. The RR Corporation had cash flow from operations of $40million. RR purchased $10 million in equipment and sold $6 million of equipment during the period. Cash flows from financing were $4million. What is RR39。General Expense (200) Interest Expense (100) Ine Tax Expense (80) Net Ine 120 Balance Sheets at December 31, 2022 and 2022 Year 2022 Year 2022 Assets Cash 100 180 8 Accounts Receivables 1000 1040 Inventory 1500 1540 Current Assets 2600 2760 Fixed Assets () 1000 1590 Total Assets 3600 4350 Liabilities and Equity Notes Payables to banks 200 150 Advances from customers 500 510 Accounts Payables 590 615 Accrued liabilities 90 105 Interest Payables 20 40 Ine Tax Payables 20 30 Dividends payables 20 30 Current Liabilities 1440 1480 Longterm Debt 1160 1260 Common Stock 100 150 Additional paidin capital 700 1200 Retained earnings 200 260 Total Liabilities and Equity 3600 4350 (Important notes: Notes Payable is a kind of shortterm debt. Accounts Payable is connected with inventory purchases. Increases in mon and additional paidin capital are due to the issuance of new shares) Question: Use the above data and the direct method and indirect method to prepare a statement of cash flows for the year ended December 31, 2022.( Important notes: if an item is an cash outflow, please put it in an bracket) Cash flow statement: Direct Method for CFO Cash collections Cash inputs Cash expenses Cash interest paid Ine taxes paid Cash from Operations Purchase of fixed assets Cash Used for Investing Borrowings Equity financing Dividends paid Cash from Financing Net Change in Cash Cash flow statement: Indirect Method for CFO Net ine Depreciation Expense 9 Changes in operating accounts: Accounts Receivable Inventory Advances from customers Accounts Payable Accrued liabilities Interest Payable Ine Tax Payable Cash from Operations 【 Financial Ratio Analysis】 Ine Statement for Year Ended December 31, 2022 Year 2022 Year 2022 Sales 18000 28500 Cost of Goods Sold 10800 18000 Depreciation Expense 1800 2250 SGamp