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Required information [The following information applies to the questions displayed below.] Makini Corporation, a company with headquarters in the Pacific Northwest, was founded by TCC
Required information [The following information applies to the questions displayed below.] Makini Corporation, a company with headquarters in the Pacific Northwest, was founded by TCC alumni in 2007. Since then, the company has continued to grow with its focus on the triple bottom line - people, planet, and profits. It's fiscal year runs from July 1 to June 30 . For the most current period, the company has provided the following financial statements and additional information. Additional Information a. The only changes affecting retained earnings are net income and cash dividends paid. b. New equipment is acquired for $67,600 cash. c. Received cash for the sale of equipment. Required: (1) Prepare a statement of cash flows using the indirect method for the year ended June 30, 2023. Note: Amounts to be deducted should be indicated with a minus sign. quired: (1) Prepare a statement of cash flows using the indirect method for the year ended June 30, 2023
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