required: T) Prepare a statement of cash flows using the indirect mothod for the year ended June 30, 2021 . Note: Amounts to be deducted should be indicated with a minus sign. [I he following intormation applies to the questions displayed below.J The following financial statements and additional information are reported. 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 \\( \\$ 73,600 \\) cash. d. Received cash for the sale of equipment that had cost \\( \\$ 64,600 \\), yielding a \\( \\$ 3,600 \\) 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 16-12 (Algo) Part 1 Required: 1) Prepare a statement of cash flows using the indirect method for the year ended June 30, 2021. Vote: Amounts to be deducted should be indicated with a minus sign. sirved IKIALA INCOPporatED Income Stateoent. Sales For Year Ended June 30, 2921 Cost of goods sold Gross profit Operating expenses (excluding depreciation) Depreciation expense. other gains (losses) Gain on sale of equipment Incone before taxes Incose taxes expense Net incone \\( \\begin{array}{r}\\$ 758,000 \\\\ 427,000 \\\\ \\hline 331,000 \\\\ 83,000 \\\\ 74,600 \\\\ \\hline 173,400 \\\\ 3,600 \\\\ \\hline 177,000 \\\\ 45,490 \\\\ \\hline 5131,510 \\\\ \\hline\\end{array} \\) Additional Information er 16 Assignment (i) \\( \\operatorname{sen} 4 \\) Check my work mode : This shows what is correct or incorrect for the work you have completec (1) Required information