Assignment: Statement of Cash Flows PowerPoint Create a 4-6 minute video of the

Assignment:
Statement of Cash Flows PowerPoint
Create a 4-6 minute video of the PowerPoint that you create explaining the process of journalizing the problems in this module and the additional required summary. Review the rubric criteria for this assignment.
Upload your video to YouTube. Paste the link on a Word document and submit to the dropbox. Be sure to include a cover page.
Use Learning Materials and the Additional Resources of this module to assist you with the assignment. In a PowerPoint, complete the following activities.
Classify the following activities into operating activities, investing activities, financing activities, or cash equivalents:
Purchase of machinery
Proceeds from issue of equity share capital
Cash revenue from operations
Cash credit
Short term deposit
Proceeds from long-term borrowings
Proceeds from sale of old machinery
Cash receipt from trade receivables
Purchase of non-current investment
Trading commission received
Marketable securities
Redemption of preference shares
Cash purchases
Proceeds from sale of non-current investment
Refund of income-tax received
Interim dividend paid on equity shares.
From the following Income Statement, Statement of Retained Earnings, and Comparative Balance Sheet, prepare the following:
A statement of cash flows using the indirect method
A statement of cash flows using the direct method
Assume office equipment is purchased with cash.
Swanson Company
Income Statement
For Year Ended December 31, 2021
Sales
$60,000
Cost of Goods Sold
25,400
Gross Profit
$34,600
Operating Expenses
Salaries Expense
$14,530
Insurance Expense
2,050
Rent Expense
1,600
Depreciation Expense
3,150
Miscellaneous Expense
240
Total Operating Expenses
21,570
Net Income
$13,030
Swanson Company
Statement of Retained Earnings
For Year Ended December 31, 2021
Retained Earnings, January 1, 2021
$9,450
Net Income for the Year
$13,030
Less: Cash Dividends
-6,500
Increase in Retained Earnings
6,530
Retained Earnings, December 31, 2021
$15,980
Swanson Company
Comparative Balance Sheet
As of December 31, 2020, and December 31, 2021
2021
2020
Inc./Dec.
Assets
Current Assets
Cash
$ 750
$ 700
$ 50
Accounts Receivable
6,540
6,120
420
Merchandise Inventory
10,000
10,500
(500)
Prepaid Insurance
200
150
50
Total Current Assets
$17,490
$17,470
$ 20
Building and Equipment
Office Equipment
$21,500
$18,350
$ 3,150
Accum. Dep., Office Equip.
(10,440)
(9,200)
(1,240)
Total Building and Equip.
$11,060
$ 9,150
$ 1,910
Total Assets
$28,550
$26,620
$ 1,930
2021
2020
Inc./Dec.
Liabilities
Current Liabilities
Notes Payable (used to purchase
inventory)
$ 6,480
$ 5,220
$ 1,260
Accounts Payable
315
385
(70)
Total Current Liabilities
$ 6,795
$ 5,605
$ 1,190
Long-Term Liabilities
Long-Term Notes Payable
$ 9,100
$ 6,050
$ 3,050
Total Liabilities
$15,895
$11,655
$4,240
Stockholders’ Equity
Common Stock, $10 par
$ 3,500
$ 3,100
$ 400
Paid-In Capital in Excess of Par
5,000
1,750
3,250
Retained Earnings
16,400
13,300
3,100
Total Stockholders’ Equity
$24,900
$18,150
$ 6,750
Total Liab. and Stock. Equity
$40,795
$29,805
$10,990
You will record a 4-6 minute video of your PowerPoint as you explain the process of the journalizing that you did.
Assignment Expectations
Length: 4-6 minute video, 5-7 slides; answers must thoroughly address the questions in a clear, concise manner
Structure:
Title slide and reference slides in APA style. (at least 2 slides)
Journalizing: at least 3 slides
Summary: at least 2 slides
Additionally, because a good presentation has few words on the slides include a script with the verbiage you would say when presenting; script should be a minimum of 50 words per slide.
References: Use the appropriate APA style in-text citations and references for all resources utilized to answer the questions. Include at least three (3) scholarly sources to support your claims.