Required information Exercise 12-12 (Algo) Indirect: Preparing statement of cash flows LO P2, P3, A1 [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. Received cash for the sale of equipment that had cost $60,600, yielding a $3,200 gain. e. Prepaid Expenses and Wages Payable relate to Operating Expenses on the income statement. f. All purchases and sales of inventory are on credit Exercise 1212 (Algo) Part 2 (2) Compute the company's cash flow on total assets ratio for its fiscal year 2021. Additional Information a. A $30,000 notes payable is retired at ins $30,000 carrying (book) value in exchange for cash. b. The orily changes affecting retained earnings ate net income and cash dividends paid c. New equipment is acquired for $69.600 cash. d. Received cash for the sale of equipment that had cost 560,600 . yielding a 53,200 gain. E. Prepaid Expenses and Wages Payable relate to Operating Expenses on the income statement f. All purchases and sales of inventory are on credit. Exercise 12-12 (Algo) Part 2 (2) Compute the company's cash flow on total assets ratio for its fiscal year 2021