Additional Information a. A $30,000 notes payable is retired at its $30,000 carrying (book) value in exchange ff b. The only changes affecting retained earnings are net income and cash dividencs paic c. New equipment is ocquired for $82.600 cash. d. Recerved cash for the sale of equipment that had cost $73.600, ylelding a $4,500 gat e. Prepaid Expenses and Wages Payoble relate to Operating Expenses on the income st 1. All purchases and sales of inventory are on credit. (2) Compute the company's cash fow on total assets ratio for itu fiscal year 2021 . Aaditional Information a. A $30,000 notes 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 $82,600cash. d. Recelved cash for the sale of equipment that had cost $73,600, ylelding a $4,500 gain. e. Prepald Expenses and Wages Payable relate to Operating Expenses on the Income statement. f. All purchases and sales of inventory are on credit