Prepare the Statement of Cash flows for the year ended June 30, 2021 using the Direct Method. Hint Use the Cash T-account on the General Ledger tab to identify the sources and uses of cash. List cash outflows as negative values

Prepare the operating activities section of the statement of cash flows using the indirect method. Enter reductions to net cash provided by operating activities as negative values.

1 Use the following financial statements and additional information. DELRAY INCORPORATED Comparative Balance Sheets Ints eBook Assets Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Equipment Ask Print References Total assets June 30, 2021 and 2020 2021 2020 $ 84,200 70,000 $ 47,000 55,000 71,000 98,000 5,300 6,600 206,600 Accumulated depreciation-Equipment Liabilities and Equity Accounts payable 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 $ 351,500 230,500 163,000 (42,000) $ 34,000 151,000 (14,000) $ 343,600 $ 42,000 17,000 4,600 7,000 4,100 45,100 63,600 45,000 90,000 90,100 153,600 220,000 160,000 41,400 $ 351,500 30,000 $ 343,600