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Required Information [The following informotion opplies to the questions disployed below.] The following financial statements and additionsl information ore reported. Additional Information a. A $30,000
Required Information [The following informotion opplies to the questions disployed below.] The following financial statements and additionsl information ore reported. Additional Information a. A $30,000 notes poysble is retired at its $30,000 carrying (book) volue in exchnge for cosh. b. The only changes affecting retained earnings are net income and cash dividends paid. c. New equipment is ocquired for $73,600cosh. d. Received cash for the sale of equipment that had cost $64,600, yielding a $3,600 gain. e. Prepsid Expenses and Woges Poysble relate to Operating Expenses on the income statement. f. All purchoses and sales of inventory ore on credit. quilred: Prepare o statement of cosh flows using the inclirect method for the year ended June 30, 2021. ste: Amounts to be deducted should be Indicated with a minus sign
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