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The follnwinc financial ctatementc and additional information are rennrted. Additional Information a. A $30,000 notes payable is retired at its $30,000 carrying (book) value in

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The follnwinc financial ctatementc and additional information are rennrted. Additional Information 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 $63,600 cash. d. Received cash for the sale of equipment that had cost $54,600, yielding a $2,600 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. (2) Compute the company's cash flow on total assets ratio for its fiscal year 2021. Using the direct method, prepare the statement of cash flows for the year ended June 30,2021 . (Amounts to be deducted should be indicated with a minus sign.) Cash flows from financing activities

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