Required information Exerclse 12-12 (Algo) Indirect: Preparlng statement of cesh flows LO P2, P3, A1 [The following information applles to the questions displayed below.] The followng 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 retalned eamings are net income and cash dlvidends pald. c. New equipment is acqulred for $59,600 cash. d. Recelved cash for the sale of equipment that had cost $50,600, ylelding a $2,200 gain. e. Prepald Expenses and Wages Payable relate to Operating Expenses on the Income statement. f. All purchases and sales of Inventory are on credlt. Exerclse 12-12 (Algo) Part 1 Required: (1) Prepare a statement of cash flows using the indlrect method for the year ended June 30, 2021. (Amounts to be deducted should ho indirated with = minue rinnl