ACT3101 Instruction: 1. 2 3. 4. Learning Outcome: Students are expected to be able to complete a task on preparing the Statement of Cash Flows. 5. INDIVIDUAL ASSIGNMENT Mica T UMT 11) SEMESTER 2 2022 2023 ACT3101 FINANCIAL ACCOUNTING & REPORTING 1 INDIVIDUAL ASSIGNMENT SEMESTER 2 2022 2023 PREPARATION OF CASH FLOWS STATEMENT You are required to make a video. In the video: Firstly, inform Assignment Case: Rainbow Sdn Bhd required you to prepare the Statement of Cash Flows for the year ended 31 December 2022 using either an indirect method or direct method. The company provide you a comparative Statement of Financial Position as at year end of 2021 and 2022, a Statement of Profit or Loss and Other Comprehensive Income for the year ended 2022 and additional information on current year transactions. The following additional information on current year transactions are given by Rainbow Sdn Bhd: 1. Equipment costing RM42,750 with accumulated depreciation of RM22,200 is sold for cash. 2. Equ