(Question 1) The SMART Corporation is an electronic component manufacturer. The company has been in business for 10 years and is located in Northern Ontario. The business is family owned and operated. The last fiscal year provided the following cash flow statement section totals: SMART Corporation - Cash Flow Statement Cash from operations Cash from financing activities $600,000 300,000 Cash used in investing activities (700,000) Increase in cash Required $200,000 a) There was depreciation expense of $100,000, in what cash flow section would you see depreciation and explain if depreciation is added or subtracted when calculating the total. b) In which cash flow section would you see the purchase and additions to property and equipment? c) Provide your opinion on the cash flow statement and signify if the business is generating sufficient cash for their needs. (Question 2) The Light Company manufactures lamps in Toronto, Ontario. The company has raised $800,000 from an issue of common shares. The company paid off a long-term bank loan of $400,000. The also borrowed $1,200,000 by way of a mortgage on a building it purchased for $1,500,000. Required nay a) Calculate the cash used in or cash from financing activities. Explain the reasoning why a cor prefer financing either by way of issuing co or by borrowing long term from a Bank. sha