The following financial statements and additional information are reported. 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 $69,600 cash. d. Received cash for the sale of equipment that had cost $60,600, yielding a $3,200 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. IKIBAN, INCORPORATED Statement of Cash Flows (Indirect Method) For Year Ended June 30, 2021 Cash flows from operating activities Net incorne Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash Depreciation expense Gain on sale of plant assets Changes in current operating assets and liabilities Increase in accounts receivable Decrease in inventory Decrease in prepaid expenses Decrease in accounts payable Decrease in wages payable Decrease in income taxes payable Net cash used in operating activities Cash flows from investing activities Cash flows from financing activities \begin{tabular}{|l|l|l|} \hline Cash flows from financing activities & \\ \hline & & \\ \hline & & \\ \hline & & 0 \\ \hline Net increase (decrease) in cash & & \\ \hline Cash balance at prior year-end & & $ \\ \hline Cash balance at current year-end & & $ \\ \hline \end{tabular}