i need help with:

cash paid for inventory

cash paid for operating expenses

cash paid for income taxes

cash balance at prior year-end

saved Exercise 12-17B Direct: Preparing statement of cash flows LO P5 The following financial statements and additional information are reported. 2018 IKIBAN INC. Comparative Balance Sheets June 30, 2019 and 2018 2019 Assets Cash $ 85, 700 Accounts receivable, net 69,500 Inventory 66,800 Prepaid expenses 4,700 Total current assets 226,700 Equipment 127,000 Accum. depreciation-Equipment (28,500) Total assets $325, 200 Liabilities and Equity Accounts payable $ 28,000 Wages payable 6,300 Income taxes payable 3,700 Total current liabilities 38,000 Notes payable (long term) 30, 600 Total liabilities 68,600 Equity Common stock, $5 par value 226,000 Retained earnings 30, 600 Total liabilities and equity $325, 200 $ 47,000 54,000 91,000 6,000 198,000 118,000 (10,500) $ 305,500 $ 34,500 15,600 4,400 54,500 63,000 117,500 163,000 25,000 $305,500 Check my work Income Statement For Year Ended June 30, 2019 Sales Cost of goods sold Gross profit Operating expenses Depreciation expense $61,600 Other expenses 70,000 Total operating expenses $693,000 414,000 279,000 131,600 147, 400 Other gains (losses) Gain on sale of equipment Income before taxes Income taxes expense Net income 2,300 149,700 44, 190 $105,510 Additional Information a. A $32,400 note payable is retired at its $32,400 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 $60,600 cash. d. Received cash for the sale of equipment that had cost $51,600, yielding a $2,300 gain. e. Prepaid Expenses and Wages Payable relate to Other Expenses on the income statement f. All purchases and sales of inventory are on credit Using the direct method, prepare the statement of cash flows for the year ended June 30, 2019. (Amounts to be deducted should be indicated with a minus sign.) IKIBAN, INC. Statement of Cash Flows (Direct Method) For Year Ended June 30, 2019 Cash flows from operating activities Cash received from customers $ 677,500 Cash paid for inventory Cash paid for operating expenses Cash paid for income taxes wwwwww! $ 677,500 Net cash provided by operating activities Cash flows from investing activities Cash paid for equipment Cash received from sale of equipment (60,600) 10,300 (50,300) Net cash used in investing activities Cash flows from financing activities Cash received from stock issuance Cash paid to retire notes Cash paid for dividends 63,000 (32,400) (99,910) Net cash used in financing activities Net increase (decrease) in cash Cash balance at prior year-end Cash balance at current year-end (69,310) 557,890 $ 557,890