The following financial statements and additional information are reported. Additional Information a. A $30,000 notes payable is retired at its $30,000 carr b. The only changes affecting retained earnings are net i c. New equipment is acquired for $74,600 cash. d. Received cash for the sale of equipment that had cost e. Prepaid Expenses and Wages Payable relate to Opera f. All purchases and sales of inventory are on credit. cise 12-12 (Algo) Part 1 ired: epare a statement of cash flows using the indirect method dicated with a minus sign.) 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 $74,600 cash. d. Received cash for the sale of equipment that had cost $65,600, yielding a $3,700 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. xercise 12-12 (Algo) Part 1 equired: Prepare a statement of cash flows using the indirect method for the year ended June 30, 2021. (Amounts to be deducted should e indicated with a minus sign.) 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 $74,600 cash. d. Received cash for the sale of equipment that had cost $65,600, yielding a $3,700 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. Exercise 1212 (Algo) Part 2 (2) Compute the company's cash flow on total assets ratio for its fiscal year 2021