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Fill out the Statement of Cash Flows (Direct Method) form (second image). Additional Information a. A $34,800 note payable is retired at its $34,800 carrying
Fill out the "Statement of Cash Flows (Direct Method)" form (second image).
Additional Information a. A $34,800 note payable is retired at its $34,800 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 $63,600 cash. d. Received cash for the sale of equipment that had cost $54,600, yielding a $2,600 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. \begin{tabular}{|l|l|l|} \hline \multicolumn{1}{|c|}{ IKIBAN, INCORPORATED } \\ \multicolumn{1}{|c|}{ Statement of Cash Flows (Direct Method) } & \\ \hline \multicolumn{1}{|c|}{ For Year Ended June 30, 2021 } & \\ \hline Cash flows from operating activities & & \\ \hline Cash received from customers & & \\ \hline Cash paid for inventory & & \\ \hline Cash paid for operating expenses & & \\ \hline \hline Cash paid for income taxes & & \\ \hline \hline Net cash provided by operating activities & & \\ \hline Cash flows from investing activities & & \\ \hline Cash received from sale of equipment & & \\ \hline \hline Cash paid for equipment & & \\ \hline \hline \end{tabular}
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