Additional Information

A $$82,300$ notes payable is retired at its $$82,300$ carrying $($book$)$ value in exchange for cash.

Declared and paid cash dividends of $$49,000.$

Land is acquired for $$52,500$ cash.

Received $$5,800$ cash for the sale of equipment that had cost $$49,800,$ yielding a $$1,000$ gain.

Prepaid Expenses and Wages Payable relate to Operating Expenses on the income statement.

All purchases and sales of inventory are on credit.

$(1)$ Prepare a statement of cash flows using the indirect method for the year ended June $30,2026.$