The following financial statements and additional information are reported. a. A $38,000 note payable is retired at its $38,000 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 $67,600 cash. d. Recelved cash for the sale of equipment that had cost $58,600, yieiding a $3,000 gain e. Prepaid Expenses and Wages Payable relate to Operating Expenses on the income st. 1. All purchases and sales of inventory are on credit. Using the direct method, prepare the statement of cash flows for the year ended June 30,2021 . (Amounts to be deducted sh indicated with a minus sign.) indiratad with a minus sian.)