Reporting Cash flows #4

Required Information [The following information applies to the questions displayed below.] The following financial statements and additional information are reported. 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 dividends paid. c. New equipment is acquired for $69,600 cash. d. Recelved cash for the sale of equipment that had cost $60,600, ylelding a $3,200 galn. e. Prepald Expenses and Wages Payable relate to Operating Expenses on the Income statement. f. All purchases and sales of Inventory are on credit. Requlred: 1) Prepare a statement of cash flows using the indirect method for the year ended June 30, 2021. (Amounts to be deducted should je Indlcated with a minus sign.)