Ignore the work completed in task #1 as it's for a different company:

Task #2 - Financial Statements:

A&W. currently wants to increase their bank financing and in order to do so they are being required by the bank to provide more accurate financial statements. The bank is requiring that A&W Inc. prepare the following financial statements:

1. Statement of Income - Multi-Step format
2. Statement of Changes in Equity
3. Statement of Financial Position (Current and Non-Current)

Using the information provided please prepare the above-required financial statements for year-ending Dec 31, 2024.

Task #3 - Financial Statements:

A&W Inc. currently wants to increase their bank financing and in order to do so they are being required by the bank to provide more accurate financial statements. The bank is requiring that A&W Inc. prepare the following financial statement:

a) Statement of Cash Flow

Using the information provided please prepare the above-required financial statement for year-ending Dec 31, 2024.Financial Statement - Support A&W Trial Balance as at December 31, 2024 Account Description Debit Credit Notes Cash Accounts receivable Prepaid - Power Investments PP&E - Computer equipment Accumulated depreciation - PP&E - Computer equipment Accounts payable Salaries payable Bank loan Common shares Retained earnings - Jan 1, 2024 Dividends paid Sales Interest income Dividend income Capital gain on the sale of an asset Cost of goods sold - Food Repairs and maintenance Salaries and wages Administrative and interest expenses Depreciation expense Travel expense Income taxes 543 500 80 30 4,000 0 (1) (2) (3) 000 500 0 1,700 140 1,350 50 900 90 0 0 0 000o0oo8sam0mwwm00o0n H00000000000000 9,953 9,953 Notes (1) A&W does catering and allows those customers to pay on account. (2) A&W prepays for its power bills as they receive a discount when paying in advance. (3) The investments will be held till 2038. During 2024 the business sold some investments for $5 and received the proceeds in cash. The investments sold had a cost of ????? (4) A&W didn't pay its employees there Dec payrol till the first week of January 2025. (5) The loan will be paid back in full by the end of 2032, with $160 of the principle being paid back in 2025. (6) A&W carries no inventory. The food supplier that provides A&W with food owns the food, till it is sold by A&W to customers. A&W pays a higher price for the food they get from the supplier, but does not have to take on the risk of having inventory. Jan 1, 2024 balances relevant to the "Statement of Cash Flow"

		Dr.	Cr.
	Cash	43
	Accounts receivable	600
	Prepaid - Power	110
	Investments	35
	Accounts payable		300
	Salaries payable	0	110
	Other 2024 events

1. During 2024 the business sold some equipment for $30 and received the proceeds in cash. The equipment had a NBV of $22.
2. The business issued $10 of new shares during 2024.
3. During 2024 the business paid $160 to reduce its loan balance.