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Exercise 12-12 (Algo) Indirect: Preparing statement of cash flows LO P2, P3, A1 [The following information applles to the questions displayed below] The following financlal

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Exercise 12-12 (Algo) Indirect: Preparing statement of cash flows LO P2, P3, A1 [The following information applles to the questions displayed below] The following financlal statements and additonal information are reported Additionel Information 0. A $30.000 note payable is retired at its $30.000 carrying (boolu value in exchange for cash. b. The only changes affecting retained eainings are nef income and cash dividends poid c. New equipment is acquired for $82600 cosh. d. Recelved cash for the sale of equipment that had cost 573,600 , yelding a 54,500 gain. e. Prepaid Expenses and Wages Payable relate to Operating Expenses on the income statement. f. All purchoses and sales of inventory ore on credit (2) Compute the company's cash flow on total assets ratio for its fiscal year 2020

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