Please answer questions E1-13, E1-20, E1-21 with detailed explanation, please follow AASB standards (Australian Accounting Standards), thanks!

E1-13 PREPARING THE FINANCIAL STATEMENTS [15 MIN] (LO4 ) Estella Osage publishes an online travel magazine. In need of cash, the business applies for a loan with National Bank. The bank requires borrowers to submit financial statements. With little knowledge of accounting, Estella Osage, the owner, does not know how to proceed. Requirements 1. What are the four financial statements that the business will need to prepare? 2. Is there a specific order in which the financial statements must be prepared? 3. Explain how to prepare each statement. E1-20 PREPARING THE CASH FLOW STATEMENT [10-15 MIN] ( LO4 ) For each transaction below, identify the appropriate section on the cash flow statement to report the transaction. Choose from: Cash flows from operating activities (O), Cash flows from investing activities (I), Cash flows from financing activities (F), or Is not reported on the cash flow statement (X). If reported on the statement, decide whether the transaction should be shown as a positive cash flow (+) or a negative cash flow () : a. The business received cash from the owner in exchange for capital. b. Paid cash on accounts payable for office supplies purchased. c. Performed services for a customer on credit. d. The owner withdrew cash. e. Received cash from a customer for services performed. f. Purchased equipment with cash. g. Paid rent for the month. h. Purchased land; taking out a loan to do so. i. Paid employees wages for the week. j. Incurred electricity expense on credit. E1-21 PREPARING THE CASH FLOW STATEMENT [15 MIN] (LO 4 ) Bean Town Food Equipment Company had the following transactions for the month ending 28 February 2021. Bean Town's cash balance on 1 February 2021 was $16400. Requirement Prepare the cash flow statement of Bean Town Food Equipment Company for the month ended 28 February 2021. E1-13 PREPARING THE FINANCIAL STATEMENTS [15 MIN] (LO4 ) Estella Osage publishes an online travel magazine. In need of cash, the business applies for a loan with National Bank. The bank requires borrowers to submit financial statements. With little knowledge of accounting, Estella Osage, the owner, does not know how to proceed. Requirements 1. What are the four financial statements that the business will need to prepare? 2. Is there a specific order in which the financial statements must be prepared? 3. Explain how to prepare each statement. E1-20 PREPARING THE CASH FLOW STATEMENT [10-15 MIN] ( LO4 ) For each transaction below, identify the appropriate section on the cash flow statement to report the transaction. Choose from: Cash flows from operating activities (O), Cash flows from investing activities (I), Cash flows from financing activities (F), or Is not reported on the cash flow statement (X). If reported on the statement, decide whether the transaction should be shown as a positive cash flow (+) or a negative cash flow () : a. The business received cash from the owner in exchange for capital. b. Paid cash on accounts payable for office supplies purchased. c. Performed services for a customer on credit. d. The owner withdrew cash. e. Received cash from a customer for services performed. f. Purchased equipment with cash. g. Paid rent for the month. h. Purchased land; taking out a loan to do so. i. Paid employees wages for the week. j. Incurred electricity expense on credit. E1-21 PREPARING THE CASH FLOW STATEMENT [15 MIN] (LO 4 ) Bean Town Food Equipment Company had the following transactions for the month ending 28 February 2021. Bean Town's cash balance on 1 February 2021 was $16400. Requirement Prepare the cash flow statement of Bean Town Food Equipment Company for the month ended 28 February 2021