Required information [The following information applies to the questions displayed below.] The following financlal statements and addltional information are reported. Additional Information a. A $30,000 note 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 $60,600 cash. d. Recelved cash for the sale of equipment that had cost $51,600, ylelding a $2,300 galn. e. Prepald Expenses and Wages Payable relate to Operating Expenses on the income statement. f. All purchases and sales of Inventory are on credlt. 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 sign. (2) Compute the company's cash flow on total assets ratio for its fiscal year 2020