NO (A) Irish Company uses the periodic inventory method and had the following inventory inflable 1/1 Beginning Inventory 1/20 Purchase 7/25 Purchase 10/20 Purchase Unit Cent 100 400 $6 200 ST Total Cent $500 A physical count of inventory on December 31 revealed that there were 450 units on hand. Instructions Answer the following independent questions and show computations supporting your answers. 1. Assume that the company uses the FIFO method. The value of the ending inventory at December 31 is 5 2. Assume that the company uses the Average-Cost method. The value of the ending inventory on December 31 is s 3. Assume that the company uses the LIFO method. The value of the ending inventory on December 31 is 5 Question NO. 2 Answer the following estions 1-A truck was purchased for $180,000 and it was estimated to have a $36,000 sange at the end of its useful life. Monthly depreciation expense of $3,000 was recorded using the straight-line method. The annual depreciation rates? 2-A company purchased factory equipment on April 1, 2017 for $168,000. It is estimated that the equipment will have a $20,000 salvage value at the end of its 18-year weful life. Using the straight-line method of depreciation, the amount to be recorded as depreciation expense at December 31, 2017 3-4 company purchased factory equipment for $700,000. It is estimated that the equipment will have a $70,000 salvage value at the end of its estimated 5-year useful life. If the company as the double-declining-balance method of depreciation, the amount of annual depreciation recorded for the second year after purchase would be? Destin NO Miraz Corporation's comparative balance sheets are presented below. MIROZ CORPORATION Comparative Balance Sheets December 31 2017 2816 Cash 2 $21,700 Accounts receivable 24,786 22,300 25.000 16,000 Equipment 59,000 78,000 Accumulated depreciation 14500 (10,000) Total $121499 Accounts payable $ 13,600 $11,100 Bonds payable 30,000 Common stock 50,000 45,000 Retained earnings 34.900 Total Additional information: 1. Net income was $17,700, Dividends declared and paid were 59,300. 2. Equipment which cost $11,000 and had accumulated depreciation of 52.000 was sold for $4,000. 3. All other changes in noncurrent account balances had a direct effect on cash flows, except the change in accumulated depreciation. Instruction (a) Prepare a statement of cash flows for 2017 using the indirect method