Question 1 Recent financial statements for Emerald Limited appear below as well as income statement for the latest year. Emerald Statement of Financial Position 2020 and 2021 May 31 NB. 2020 2021 Assets Cash Accounts receivables Inventories 24 000 7500 30 100 22 300 6400 39 900 Long-term investments 8.000 Plant and equipment 120 000 132 500 Accumulated depreciation (46 800) (50 800) Total Assets 142 800 150 300 Capital and Liabilities. Capital and reserves: Common stock 100 000 108 000 Retained earnings Current Liabilities 38.600 38 600 Accounts payables 2400 1 600 Accrued liabilities Total Assets and Liabilities 1.800 2100 142 800 150 300 Emerald Limited Income Statement for Year Ended 2021 May 31 Sales. $102 000 Less cost of goods sold 73 000 Gross margin 29 000 Less operating expenses. 14 000 Income before taxes. 15 000 Less income taxes Net income 4500 10 500 The long-term investment was sold for $8 000 cash. Dividends of $10 500 were declared and paid during the year. Required: A. A statement of cash flows for Emerald for year ended 2021 May 31. Use the indirect method. (16 marks) B. Explain briefly TWO (2) ways in which a statement of cash flow is of use to a potential investor in Emerald Limited. (4 marks) (Total 20 marks)