Task #2 - Financial Statements: A&W. currently wants to increase their bank finncing 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: a) Statement of Income - Multi-Step format b) Statement of Changes in Equity c) Statement of Financial Position (Current and Non-Current) Using the information provided please prepare the above-required financial statements for year-ending Dec 31, 2022. Task #1 - PP&E: On Jan 1, 2022 A&W (A&W") wants to purchase a new "Bitcoin Mining Technology" The computers will cost $130,000 to purchase. A&W purchased the computers on Jan 1, 2022 with cash. The computers will have a useful life that is based upon the hours it is operated. Based upon the manufacturer the computers will last 26,000 hours and at that time the technology will be outdated. A&W purchased the computers on Jan 1, 2022 with cash. A&W has done some estimates and has come up with the following usage: Year Actual Hours % of Total Average Hours Per Day 2022 2023 2024 7,920 8.640 7440 33.00% 36.00% 31.00% 21.70 23.67 20.38 Total 24 000 33.33% A&W knows they can't run the computers for 26,000 hours over the next 3 years, and instead can only run them for 24,000 hours due to maintenance that needs to occur. As they are only running them for 24,000 hours A&W will be able to sell some of the parts of the computers for $10,000 in 2025 (hence once the computer is no long usable). Based upon their analysis A&W determined the averge usage % per years is 30% A&W is unsure how to expense this asset and needs your help. Current: Determine the accounting entries for the purchase and depreciation of the ma- chine for each of the following method of depreciation. Future: Assure on Jan 10, 2025 and GNC can sell the machine for $8,000. Determine the journal entry to record the sale. Required - Complete the above using each of the depreciation methods provided below for 2022, 2023, 2024 and 2025: a) Journal Entries - Straight-line b) Journal Entries - Declining balance c) Journal Entries - Activity 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, 2022. Task #2 - Financial Statements: A&W. currently wants to increase their bank finncing 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: a) Statement of Income - Multi-Step format b) Statement of Changes in Equity c) Statement of Financial Position (Current and Non-Current) Using the information provided please prepare the above-required financial statements for year-ending Dec 31, 2022. Task #1 - PP&E: On Jan 1, 2022 A&W (A&W") wants to purchase a new "Bitcoin Mining Technology" The computers will cost $130,000 to purchase. A&W purchased the computers on Jan 1, 2022 with cash. The computers will have a useful life that is based upon the hours it is operated. Based upon the manufacturer the computers will last 26,000 hours and at that time the technology will be outdated. A&W purchased the computers on Jan 1, 2022 with cash. A&W has done some estimates and has come up with the following usage: Year Actual Hours % of Total Average Hours Per Day 2022 2023 2024 7,920 8.640 7440 33.00% 36.00% 31.00% 21.70 23.67 20.38 Total 24 000 33.33% A&W knows they can't run the computers for 26,000 hours over the next 3 years, and instead can only run them for 24,000 hours due to maintenance that needs to occur. As they are only running them for 24,000 hours A&W will be able to sell some of the parts of the computers for $10,000 in 2025 (hence once the computer is no long usable). Based upon their analysis A&W determined the averge usage % per years is 30% A&W is unsure how to expense this asset and needs your help. Current: Determine the accounting entries for the purchase and depreciation of the ma- chine for each of the following method of depreciation. Future: Assure on Jan 10, 2025 and GNC can sell the machine for $8,000. Determine the journal entry to record the sale. Required - Complete the above using each of the depreciation methods provided below for 2022, 2023, 2024 and 2025: a) Journal Entries - Straight-line b) Journal Entries - Declining balance c) Journal Entries - Activity 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, 2022