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please help me on this question answer the question same as the image i uploaded 11 Required information Exercise 1612 (Algo) Indirect: Preparing statement of
please help me on this question answer the question same as the image i uploaded
11 Required information Exercise 1612 (Algo) Indirect: Preparing statement of cash flows LO P2, P3, A1 following information applies to the questiGOS displayed The following statements and information are reported. Balance Sh et l 31,e s 39, 16, 200 6e, 200 68, 126,200 Eq u ity 166, 29, 413 e 291, ego 1S3,a 1S6,e Cash qom At 3e Prepaid expenses Total Equ ipment AccMulated Total assets Accmnts payable Equity tms payable t current Liabilities payable Total liabilities stock, SS Retai d Total liabilities Cost of gwds Ope rating equity 2021 S 103,ge jd.oe s. oe 2S2.3-e lge. oe s 3S2,3-e 6,6-e d .oe 41.6e , 6-e 232 , o-e 43. lee S 3S2,3e IKIBAN rucoRPnATED Yer Ended June 30 2e21 (eLuding depreciati Other gains Losses I Additional Information 2020 S se, S', E, 607 (12,e) S 31B, 107 S, o S 31B, 100 S 108,e 73, e 6-1 S 111,910 a. A $20000 notes payable iS retired at its $30000 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 "3,600 Cash d. Rece.ved Cash for the Sale Of equipment that had COSt SS4,600, yielding a $2,600 gain. e. Prepaid and Wages Payable relate to Operating Expenses the income Statement. f. All purchases and sales Of inventory on Credit. Exercise 16-12 (Algo) Part 1 Required: Prepare a Statement Of Cash flows using the indirect method for the year ended June 30.2021. Note: Amounts to be deducted Should indicated with a minus Sign. Statt Year Ended 2021 111 Sloe nts to statt attectng mh sale ot g' ant and in in exp in in Net by Cash Cash Cash $d Cash Cash $d Cash gaid Cash Net Cash bal at Cash a: (2,600) (17,000) e 25.700 21,335 0 (63,600) (30,000) 16S.2"0 (42.26S) 11,365) SO,ooo 48,635
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