The following financial statements and additional information are reported. a. A $30,000 note 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 $57,600 cash. d. Received cash for the sale of equipment that had cost $48,600, yielding a $2,000gain. e. Prepaid Expenses and Wages Payable relate to Other Expenses on the income statement. f. All purchases and sales of inventory are on credit. Exerclse 12-11 Part 1 Required: (1) Prepare a statement of cash flows for the year ended June 30, 2017, using the indirect method. (Amounts to be deducted should be indicated with a minus sign.) 2) Compute the company's cash flow on total assets ratio for its fiscal year 2017. Using the direct method, prepare the statement of cash flows for the year ended June 30,2017 . (Amounts to be deducted should be: Indicated with a minus sign.)