Exercise 12-12 (Algo) Indirect: Preparing statement of cash flows LO P2, P3, A1 [The following information applies to the questions displayed below.] The following financial statements and additional information are reported. Additional Information 0. A $30,000 note payable is retired at its $30.000 carrying (book) value in exchange for cash. b. The only changes affecting retained eamings are net income and cash dividends, paid, c. New equipment is acquired for $76,600 cash. d. Recelved cash for the sale of equipment that had cost $67,600, ylelding a $3,900 gain. e. Prepaid Expenses and Wages Payable reate to Operating Expenses on the income statement f. All purchases and sales of inventory are on credit Required: (1) Prepare a statement of cash flows using the indirect method for the year ended June 30,2020 . Note: Amounts to be deducted should be indicated with a minus sign