- 6.The company issued a note payable for $28,000 and repaid $3,000 by year end. instructions Prepare a cash flow statement for the year using the indirect method. TAKING IT FURTHER is it necessary to show both the proceeds from issuing a new note payable and the partial repayment of notes payable? Or is it sufcient to simply show the net increase or decrease in notes payable. as is done with accounts payable? Explain