Required information Exercise 12-12 (Algo) Indirect: Preparing statement of cash flows 10 P2, P3, A1 [The following informabion applies to the questions disployed below) The following financial statements and additional information ore reporteci. Additional information a. A $30,000 note poyable is retired at its $30,000 carrying (bookf) value in exchange for cash b. The only changes affecting retained esmings are net income and cash in exidends paid. c. New equipenent is acquired for $60,600cash d. Received cash for the sale of equipment that had cost 551500 , yolding a 52,300gain. c. Prepaid Expenses and Wages Poyoble telate to Operating Expenses on the income statement. t. 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, 2020. Note: Amounts to be deducted should be indicated with a minus sinn