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The follnwinn finanrial ctatementc and additional information aro ronnrter Additional Information a. A$30,000 notes payable is retired at its $30,000 carrying (book) value in exchange
The follnwinn finanrial ctatementc and additional information aro ronnrter 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 $77,600 cash. d. Received cash for the sale of equipment that had cost $68,600, yielding a $4,000 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. equired: ) Prepare a statement of cash flows using the indirect method for the year ended June 30, 2021
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