\begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{\begin{tabular}{l} IKIBAN INCORPORATED \\ Comparative Balance Sheets \end{tabular}} \\ \hline At June 30 & 2021 & 202 \\ \hline \multicolumn{3}{|l|}{ Assets } \\ \hline Cash & $101,500 & $54,000 \\ \hline Accounts receivable, net & 80,000 & 61,000 \\ \hline Inventory & 73,800 & 101,500 \\ \hline Prepaid expenses & 5,400 & 7,400 \\ \hline Total current assets & 260,700 & 223,900 \\ \hline Equipment & 134,000 & 125,000 \\ \hline Accumulated depreciation-Equipment & (32,000) & (14,000) \\ \hline Total assets & $362,700 & $334,900 \\ \hline \multicolumn{3}{|l|}{ Liabilities and Equity } \\ \hline Accounts payable & $35,000 & $45,000 \\ \hline Wages payable & 7,000 & 17,000 \\ \hline Income taxes payable & 4,400 & 5,800 \\ \hline Total current liabilities & 46,400 & 67,800 \\ \hline Notes payable (long term) & 40,000 & 70,000 \\ \hline Total liabilities & 86,400 & 137,800 \\ \hline \multicolumn{3}{|l|}{ Equity } \\ \hline Common stock, $5 par value & 240,000 & 170,000 \\ \hline Retained earnings & 36,300 & 27,100 \\ \hline Total liabilities and equity & $362,700 & $334,900 \\ \hline \multicolumn{3}{|c|}{\begin{tabular}{l} IKIBAN INCORPORATED \\ Income Statement \end{tabular}} \\ \hline Sales & & \begin{tabular}{l} $728,000 \\ 1>1 a0a \end{tabular} \\ \hline \end{tabular} Additional 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 $67,600cash. d. Recelved cash for the sale of equipment that had cost $58,600, yielding a $3,000 gain e. Prepaid Expenses and Wages Payable relate to Operating Expenses on the income statement. f. 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 30,2021 . Note: Amounts to be deducted should be indicated with a minus sign