[The following information applies to the questions displayed below.] Additional Information 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 $58,600 cash. d. Received cash for the sale of equipment that had cost $49,600, yielding a $2,100 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. 1) Prepare a statement of cash flows using the indirect method for the year ended June 30, 2020. Note. Amounte in he dedueted ahould he indiented with a minus cien Cash flows from investing activities (2) Compute the company's cash flow on total assets ratio for its fiscal year 2020