The questions below relate to the attached excerpts from Wolverine Worldwide$$s $202010-$K$$filing$.$ Before proceeding, review the following excerpt from the $10-$K that describes the$$business activities of Wolverine Worldwide,$1.$ What inventory cost flow assumptions are used at Wolverine Worldwide? Where do you$$find the answers?$2.$ What factors are considered when management evaluates whether inventory write downs are $$necessary$?$ Where do you find the answers?$3.$ What is the carrying value of total inventory as of $1/2/2021$ and $12/28/19?$ What is the carrying $$value of total inventory for each of the cost flow assumptions used by Wolverine Worldwide$$for each year? Where do you find the answers?$4.$ If all inventory was accounted for on a FIFO basis, what value would inventory be at $1/2/2021$and $12/28/19?5.$ What amount of cost of goods sold did Wolverine Worldwide report for fiscal year $2020?$Where do you find the answer?$6.$ What amount of cost of goods sold would Wolverine Worldwide have reported for fiscal year $2020$ if all inventory was accounted for on a FIFO basis?$7.$ Quantify the effect LIFO liquidations had on reported net income in fiscal