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. Notas payable $($long$-$tarm$)$General Ledger Account

Cash

No$.$ Date Debit Credit Balance

June $3059,200$

$1$ June $30770,000829,200$

$2$ June $30462,000367,200$

$4$ June $3084,800282,400$

$5$ June $3017,100299,500$

$6$ June $3051,650247,850$

$7$ June $3035,000212,850$

$8$ June $3066,000146,850$

$9$ June $3070,000216,850$

$13$ June $30103,450113,400$

Accounts receivable, net

No$.$ Date Debit Credit Balance

June $3059,000$

$1$ June $3017,00076,000$

Inventory

No$.$ Date Debit Credit Balance

June $3090,000$

$2$ June $3025,00065,000$

Prepaid expenses

No$.$ Date Debit Credit Balance

June $306,200$

$4$ June $301,2005,000$

Equipment

No$.$ Date Debit Credit Balance

June $30139,000$

$5$ June $3055,00084,000$

$8$ June $3066,000150,000$

Accumulated depreciation $-$ Equipment

No$.$ Date Debit Credit Balance

June $3013,000$

$3$ June $3067,00080,000$

$5$ June $3041,00039,000$

Accounts payable

No$.$ Date Debit Credit Balance

June $3034,000$

$2$ June $306,00028,000$

Wages payable

No$.$ Date Debit Credit Balance

June $3018,000$

$4$ June $3011,0007,000$

Income taxes payable

No$.$ Date Debit Credit Balance

June $305,400$

$6$ June $305004,900$

Notes payable $($long$-$term$)$

No$.$ Date Debit Credit Balance

June $3070,000$

$7$ June $3035,00035,000$

Common stock, $$5$ par value

No$.$ Date Debit Credit Balance

June $30180,000$

$9$ June $3070,000250,000$

Retained earnings

No$.$ Date Debit Credit Balance

June $3033,000$

$12$ June $30115,950148,950$

$13$ June $30103,45045,500$

Sales

No$.$ Date Debit Credit Balance

June $300$

$1$ June $30787,000787,000$

$10$ June $30787,0000$

Cost of goods sold

No$.$ Date Debit Credit Balance

June $300$

$2$ June $30481,000481,000$

$11$ June $30481,0000$

Depreciation expense

No$.$ Date Debit Credit Balance

June $300$

$3$ June $3067,00067,000$

$11$ June $3067,0000$

Other expenses

No$.$ Date Debit Credit Balance

June $300$

$4$ June $3075,00075,000$

$11$ June $3075,0000$

Gain on sale of equipment

No$.$ Date Debit Credit Balance

June $300$

$5$ June $303,1003,100$

$10$ June $303,1000$

Income taxes expense

No$.$ Date Debit Credit Balance

June $300$

$6$ June $3051,15051,150$

$11$ June $3051,1500$

Income summary

No$.$ Date Debit Credit Balance

June $300$

$10$ June $30790,100(790,100)$

$11$ June $30674,150(115,950)$

$12$ June $30115,9500$General Ledger Account