141,400 2,000 143,400 Other gains (losses) Gain on sale of equipment Income before taxes Income taxes expense 43,890 Net income $99,510 Additional Information a. A $30,000 note payable is retired at its $30,000 carrying (book) value in exchange for cash. b. The only changes affecting retained earnings are net income and cash dividends paid c. New equipment is acquired for $57,600 cash. d. Received cash for the sale of equipment that had cost $48,600, yielding a $2,000 gain. e. Prepaid Expenses and Wages Payable relate to Other Expenses on the income statement. f. All purchases and sales of inventory are on credit value: 3.00 points (2) Compute the company's cash flow on total assets ratio for its fiscal year 2015. Cash Flow on Total Assets Ratio Choose Numerator Choose Denominator:Cash Flow on Total Assets Ratio -Cash flow on total assets ratio 141,400 2,000 143,400 Other gains (losses) Gain on sale of equipment Income before taxes Income taxes expense 43,890 Net income $99,510 Additional Information a. A $30,000 note payable is retired at its $30,000 carrying (book) value in exchange for cash. b. The only changes affecting retained earnings are net income and cash dividends paid c. New equipment is acquired for $57,600 cash. d. Received cash for the sale of equipment that had cost $48,600, yielding a $2,000 gain. e. Prepaid Expenses and Wages Payable relate to Other Expenses on the income statement. f. All purchases and sales of inventory are on credit value: 3.00 points (2) Compute the company's cash flow on total assets ratio for its fiscal year 2015. Cash Flow on Total Assets Ratio Choose Numerator Choose Denominator:Cash Flow on Total Assets Ratio -Cash flow on total assets ratio