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please help...... please help...... Addrional information a. A 548.400 note poyable ia retired et as $48.400corring pooki value in erchenge for cath. b. The only

please help......
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please help...... image text in transcribed
Addrional information a. A 548.400 note poyable ia retired et as $48.400corring pooki value in erchenge for cath. b. The only chenges stfecting rentined eserings are net income ond cash dividend paid. c. New equipmemt is acquired for $80,600csin d. Received cash for the saie of equipment thas had cont 571600 ,yiticing a 54,300 goin e. Frepeid Expenses and Woges foysble reiate to Opecting Evpenats on the income atatement f. Al purchsses ond soles of inventory are on credt. Using the direct meshod, prepare the ztetement of caih fows for the yeor ended June 30, 203t. Uenourits to indicated weth a manus sign! The following financial statements and additional information are reported. Additional Information a. A $48,400 note payable is retired at its $48,400 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 $80,600 cash. d. Received cash for the sale of equipment that had cost $71,600, yielding a $4,300 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. Using the divect method, prepare the statement of cash flows for the year ended June 30, 2021. (Amou) indicoted with o minus sign.)

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