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Prepare a statement of cash flows using the indirect method for the year ended June 30, 2019. The following financial statements and additional information are

Prepare a statement of cash flows using the indirect method for the year ended June 30, 2019. image text in transcribed
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The following financial statements and additional information are reported. Additional Information a. A $30,000 note 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. c. New equipment is acquired for $78,600 cash. d. Received cash for the sale of equipment that had cost $69,600, yielding a $4,100 gain. e. Prepaid Expenses and Wages Payable relate to Other Expenses on the income statement. 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, 2019. (Amo be indicated with a minus sign.) Required information Required information

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