Please help me fix what is incorrect and red and understand how to get the correct number. I would really appreciate it. I am struggling.

b. The only changes affecting retained earnings are net income and cash dividends paid. Additional Information a. A $30,000 notes payable is retired at its $30,000 carrying (book) value in exchange for cash. b. The only changes affecting retained earnings are net income and cash dividends paid. Eew equipment is acquired for $57,600 cash. Received cash for the sale of equipment that had cost $48,600, yielding a $2,000gain. Cash paid for Equipment Equipment cost $57,600 $48,600 Prepaid Expenses and Wages Payable relate to Operating Expenses on the income statement. 3. All purchases and sales of inventory are on credit. Required: 1) Compute the amount of cash received from the sale of equipment. 2) Prepare a statement of cash flows using the indirect method for the year ended June 30, 2023. (1) Compute the amount of cash received from the sale of equipment. 3 (2) Prepare a statement of cash flows using the indirect method for the year ended June 30, 2023. IKIBAN, INCORPORATED Statement of Cash Flows (Indirect Method) For Year Ended June 30, 2023 Cash flows from operating activities Net income (2) $99,510 Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash \begin{tabular}{|l|r|} \hline Depreciation expense & 58,600 \\ \hline Gain on sale of equipment & (2,000) \\ \hline Changes in current operating assets and liabilities \\ \hline \end{tabular} Increase in accounts receivable Decrease in inventory Decrease in prepaid expenses Decrease in accounts payable Decrease in wages payable Decrease in income taxes payable Net cash provided by operating activities Cash flows from investing activities Cash received from sale of equipment Cash paid for equipment Net cash used in investing activities Cash flows from financing activities Cash received from stock issuance Cash paid to retire notes (14,000) 22,700 1,000 (5,000) (9,000) (400) (47,600)