5) For this question you must use the excerpts from the financial statements of The Wendys Company, found in Appendix 1. a. Where does Wendy's report inventory in the financial statements? How much inventory did Wendy's have at January 1, 2017? Behind Wendy's financial statements you will see a few pages of information. This information is known as the notes' to the financial statements. The pages in your file only represent a small portion of the total notes to Wendy's statements. The notes to these financial statements contain important information that is notor cannotbe disclosed on the financial statements themselves. b. Look at the second page of the enclosed excerpts from Wendys notes. Locate the section discussing inventories. What inventory costing method does Wendy's use? C. In the notes, Wendy's says that inventories are stated at the lower of cost or market. What does this mean? d. Wendy's owns a number of fast food restaurants across the globe. What inventory recording method do you think Wendy's uses