Earnings per Share and the Statement of Cash Flows. Please carefully and thoughtfully respond to each of the following questions regarding this important financial statement. For questions no. 1 and 5 please show your computations and prepare well-labeled computations. 2--The Abrahame Company purchased machinery by issuing a long-term note payable. Should The Abrahame Co. report this transaction on the Statement of Cash Flows? If so, how and where? If not, why not? 3--Which method does the Financial Accounting Standards Board (FASB) prefers for reporting cash flows from operating activities? Which method of reporting cash flows from operating activities is most popular with US corporations? Why do you think this disparity between the FASB and the business community exists? Which method do you personally prefer and why? 4--Describe the type of activities that should be reported under the operating activities section of the Statement of Cash Flows (SoCF). What type of activities should be reported under the investing activities? What type of activities should be included and reported on under the financing activities sections of the SoCF