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Requlred Information Exercise 12.12 (Algo) Indirect: Preparing statement of cash flows LOP2, P3, A1 [The following informatoon applies to the questions displayed below]. The following

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Requlred Information Exercise 12.12 (Algo) Indirect: Preparing statement of cash flows LOP2, P3, A1 [The following informatoon applies to the questions displayed below]. The following financlal statements and addinonal 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 eamings are net income and cash dividends poid c. New equipment is acquired for $82600 cash. d. Recelved cash for the sale of equipment that had cost $73.600, yeiding a $4.500gain e. Prepaid Expenses and Wages Payable relote to Operating Expenses on the income statement. f. All purchoses and sales of inventory are on credir. 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

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