(15 marks, suggested time 20 minutes) Below is the Statement of Financial Position of Lion Inc. for years ending 2021 and 2020. Supplementary information on other transactions and financial information for 2021 is also provided. 2020 Statement of Financial Position Lion Inc 2021 Assets Cash 31,500 Accounts Receivable 54,750 Inventory 56,250 Intangible asset 30,000 Land 37,500 Buildings and equipment 412,500 Less: Accumulated depreciation (86,250) 536,250 22,500 56,250 52,500 11,250 45,000 300,000 (56,250) 431,250 Liabilities Accounts payable Mortgage payable 29,625 120,000 41,250 97,500 Shareholder's Equity Common stock Retained Earnings 282,000 104,625 536,250 225,000 67,500 431,250 Supplementary Information: 1. Lion did not purchase any land during the year. 2. Lion did not dispose of any buildings/equipment during the year. 3. Net income for the year was $60,000 nnnnn a. 6. A new intangible asset was purchased on the last day of the current fiscal year. 7. Lion follows IFRS. Dividends paid and received are not considered as operating activities. Using the Statement of Financial Position, as well as the supplementary information, calculate Net cash inflow (outflow) from operating activities for 2021. Net cash inflow (outflow) from financing activities for 2021. What ratio would help users assess the company's short-term ability to meet its obligations? Will paying dividends have a direct negative impact on this ratio? (The ratio must use at least one figure from Statement of Cash Flows, excluding net income) Do not calculate the ratio. b C. (15 marks, suggested time 20 minutes) Below is the Statement of Financial Position of Lion Inc. for years ending 2021 and 2020. Supplementary information on other transactions and financial information for 2021 is also provided. 2020 Statement of Financial Position Lion Inc 2021 Assets Cash 31,500 Accounts Receivable 54,750 Inventory 56,250 Intangible asset 30,000 Land 37,500 Buildings and equipment 412,500 Less: Accumulated depreciation (86,250) 536,250 22,500 56,250 52,500 11,250 45,000 300,000 (56,250) 431,250 Liabilities Accounts payable Mortgage payable 29,625 120,000 41,250 97,500 Shareholder's Equity Common stock Retained Earnings 282,000 104,625 536,250 225,000 67,500 431,250 Supplementary Information: 1. Lion did not purchase any land during the year. 2. Lion did not dispose of any buildings/equipment during the year. 3. Net income for the year was $60,000 nnnnn a. 6. A new intangible asset was purchased on the last day of the current fiscal year. 7. Lion follows IFRS. Dividends paid and received are not considered as operating activities. Using the Statement of Financial Position, as well as the supplementary information, calculate Net cash inflow (outflow) from operating activities for 2021. Net cash inflow (outflow) from financing activities for 2021. What ratio would help users assess the company's short-term ability to meet its obligations? Will paying dividends have a direct negative impact on this ratio? (The ratio must use at least one figure from Statement of Cash Flows, excluding net income) Do not calculate the ratio. b C