Comparatve Balance Sheet Informaton June 30 89,160 $24,00 Accounts receivable (net) Prepaid expenses 87,000 72600 80,070116 070 6150 47,000135,000 3,000 29 40036,600 6.600 17,400 4230 9,000 5000 267,000 207.000 3,03010.590 6,390 Accumulated depreciation Accounts payable Wages payable Income taxes payable Noes payable (long term) 31,800 2.790 Common shares Retained earnings Iscome Statement r Ended June 30, 201 $777,000 477,000 Cost of goods sold Gross prof $300,000 expenses Depreciaton expense 70,230 Other expenses Total oper ating expenses 160,540 $149460 Profit hom opeations Gain on sale of equipeient Profit before taxes Income taxes $150 000 9 460 Proft 100 600 Required: Use tive Weslem Environmental inc, infomaltion given beiow to prepare a statement of cash nows for the year statement of cash Nows for the year ended June 30, 2017, using the indiect method (List any deduction in cash and cash outmows as neg a A note is reared at carrying valae b The only thanges affecting retaned earnings C New equipment is acquieed during 2017 for $64 d The protl on sae of eqipment costing $52 830 arng 2017 s 5600 e Prepaid expenses and wages expense affect other expenses on the income T Al sales and purchases of merchandse were on creait 017 are promt and cash divazends paid stalement