prepare a statement of cash flows using the indirect method for the year ended june 30 2021

\begin{tabular}{lr} & \multicolumn{2}{c}{ IKIBAN INCORPORATED } \\ Income Statement \\ \multicolumn{1}{c}{ For Year Ended June 30, 2021 } & \\ Sales & \\ Cost of goods sold & $678,000 \\ Gross profit & 411,000 \\ Operating expenses (excluding depreciation) & 267,000 \\ Depreciation expense & 67,000 \\ & 58,600 \\ 0ther gains (losses) & 141,400 \\ Gain on sale of equipment & \\ Income before taxes & 2,000 \\ Income taxes expense & 143,400 \\ Not inrnme & 43,890 \\ \hline \end{tabular} Additional Information a. A$30,000 notes payable is retired at its $30,000 carrying (book) value in exchange for b. The only changes affecting retained earnings are net income and cash dividends paid. c. New equipment is acquired for $57,600 cash. d. Received cash for the sale of equipment that had cost $48,600, yielding a $2,000 gain. e. Prepaid Expenses and Wages Payable relate to Operating Expenses on the income state f. All purchases and sales of inventory are on credit. Required: (1) Prepare a statement of cash flows using the indirect method for the year ended June 30, 2021. Note: Amounts to be deducted should be indicated with a minus sign. \begin{tabular}{|l|r|r|} \hline Changes in current operating assets and liabilities & \\ \hline Increase in accounts receivable & (14,000) & \\ \hline Decrease in inventory & 22,700 & \\ \hline Decrease in prepaid expenses & 1,000 & \\ \hline Decrease in accounts payable & (5,000) & \\ \hline Decrease in wages payable & (9,000) & \\ \hline Decrease in income taxes payable & (400) & \\ \hline & & \\ \hline Net cash provided by operating activities & & \\ \hline Cash flows from investing activities & & \\ \hline Cash paid for equipment & & \\ \hline Cash received from sale of equipment & & \\ \hline & & \\ \hline Net cash used in investing activities & & \\ \hline Cash flows from financing activities & & \\ \hline Cash paid to retire notes & & \\ \hline & & \\ \hline Cash balance at current year-end & & \\ \hline \end{tabular}