Task 1: classifying cash flows. Task 2: classifying cash flows, indirect method

AC2620: Module 5 Cash Flow and Performance Evaluation Analysis 5.1 Cash Flow Classification: Direct and Indirect In this assessment, you will perform two tasks, while exploring the concept of cash flow classification. In Task 1, you will classify cash flows prepared on a direct basis; and in Task 2, you will classify cash flows prepared on an indirect basis Use the Microsoft Excel template "AC2620_Analysis 5.1_Classifying Cash Flows.xlsx" from the Course Resources to submit your answers Task 1: Classifying Cash Flows The following are transactions, events, and changes in balances for Exeter Corporation for the past fiscal year: . Repurchase of the common stock . Interest received . Refund of income taxes Principal payment on long-term notes payable Cash paid to suppliers and employees * Increase in accounts payable . Purchase of property and equipment .Proceeds from issuing a long-term note payable . Cash paid as the result of a fine . Principal payments under capital lease obligations . Depreciation expense Payment of dividends on preferred stock Principal payments on mortgages Increase in accounts receivable Gain on sale of equipment Proceeds from issuing common stock Decrease in wages payable Declaration of a stock dividend Cash paid to suppliers for inventory