Requlred Information Exercise 12-12 (Algo) Indirect: Preparing statement of cash flows LO P2, P3, A1 The following information applies to the questions displayed below.] The following financial statements and additional information are reported. Additional Information a. A $30,000 note payable is retired at its $30,000 cairying (book) value in exchange for cash. b. The only changes affecting retained earining are net income and cash dividends paid. c. New equipment is acquired for $67,600cash d. Recelved cash for the sale of equipment that had cost $58,600, ylelding a $3,000 gain e. Prepald Expenses and Wages Payable relate to Operating Expenses on the income statement. f. All purchases and sales of Inventory are on credit. Exercise 12-12 (Algo) Part 1 Requlred: (1) Prepare a statement of cash flows using the indrect method for the year ended June 30, 2020. Note: Amounts to be deducted should be indicated with a minus sign. Requlred Information Exercise 12-12 (Algo) Indirect: Preparing statement of cash flows LO P2, P3, A1 The following information applies to the questions displayed below.] The following financial statements and additional information are reported. Additional Information a. A $30,000 note payable is retired at its $30,000 cairying (book) value in exchange for cash. b. The only changes affecting retained earining are net income and cash dividends paid. c. New equipment is acquired for $67,600cash d. Recelved cash for the sale of equipment that had cost $58,600, ylelding a $3,000 gain e. Prepald Expenses and Wages Payable relate to Operating Expenses on the income statement. f. All purchases and sales of Inventory are on credit. Exercise 12-12 (Algo) Part 1 Requlred: (1) Prepare a statement of cash flows using the indrect method for the year ended June 30, 2020. Note: Amounts to be deducted should be indicated with a minus sign