please please please help! i always help!

Required information Exercise 12-12 (Algo) Indirect: Preparing statement of cash flows LO P2, P3, A1 (The following information applies to the questions displayed below.) The following financial statements and additional information are reported. 2020 IKIBAN INCORPORATED Comparative Balance Sheets At June 30 2021 Assets Cash $ 97,300 Accounts receivable, net 90,500 Inventory 80,800 Prepaid expenses 6,100 Total current assets 274,700 Equipment 141,000 Accumulated depreciation-Equipment (35,500) Total assets $ 380,200 Liabilities and Equity Accounts payable $ 42,000 Wages payable 7,700 Income taxes payable 5,100 Total current liabilities 54,800 Notes payable (long term) 47,000 Total liabilities 101,800 Equity Common stock, $5 par value 254,000 Retained earnings 24,400 Total liabilities and equity $ 380, 200 $ 61,000 68,000 112,000 8,800 249,800 132,000 (17,500) $364,300 $ 55,500 18,400 7,200 81,100 77,000 158, 100 177,000 29,200 $364,300 IKIBAN INCORPORATED Income Statement For Year Ended June 30, 2021 Sales Cost of goods sold Gross profit Operating expenses (excluding depreciation) Depreciation expense $763,000 428,000 335,000 84,000 75,600 Prey 1 2 of 2 Next > 2-12 Saved Wages payable Income taxes payable Total current liabilities Notes payable (long term) Total liabilities Equity Common stock, $5 par value Retained earnings Total liabilities and equity 7,700 5,100 54,800 47,000 101,800 18,400 7,200 81,100 77,000 158, 100 254,000 24,400 $ 380,200 177,000 29,200 $ 364,300 IKIBAN INCORPORATED Income Statement For Year Ended June 30, 2021 Sales Cost of goods sold Gross profit Operating expenses (excluding depreciation) Depreciation expense Other gains (losses) Gain on sale of equipment Income before taxes Income taxes expense Net income $ 763,000 428,000 335,000 84,000 75,600 175, 400 3,700 179, 100 45,590 $ 133,510 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 dividendstpaid. c. New equipment is acquired for $74,600 cash. d. Received cash for the sale of equipment that had cost $65,600, yielding a $3,700 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. ces Exercise 12-12 (Algo) Part 1 IKIBAN, INCORPORATED Statement of Cash Flows (Indirect Method) For Year Ended June 30, 2021 Cash flows from operating activities Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash Changes in current operating assets and liabilities Cash flows from investing activities Cash flows from financing activities i Required information Cash flows from investing activities Cash flows from financing activities Net increase (decrease) in cash Cash balance at prior year-end Cash balance at current year-end Exercise 12-12 (Algo) Part 2 (2) Compute the company's cash flow on total assets ratio for its fiscal year 2021. Choose Numerator: Cash Flow on Total Assets Ratio 1 Choose Denominator: Cash Flow on Total Assets Ratio Cash flow on total assets ratio