1. A $35,000 note payable is retired at its $35,000 carrying (book) value in exchange for cash.
2. The only changes affecting retained earnings are net income and cash dividends paid.
3. New equipment is acquired for $81,000 cash.
4. Received cash for the sale of equipment that had cost $67,000, yielding a $6,100 gain.
5. Expenses and Wages Payable relate to Other Expenses on the income statement.
6. All purchases and sales of inventory are on credit.

General Journal tab- the entries to summarize the activity between June 30, 2018 and June 30, 2019.

Direct Method tab- the Statement of Cash flows for the year ended June 30, 2019 using the direct method.

Indirect Method tab- the reconciliation to the indirect method.