The following information applies to the questions displayed below the following financial statements in additional information or reported I could been incorporated comparative balance sheets at June $30$ assets underneath assets are cash accounts receivable net inventory, prepaid expenses, total current assets equipment, accumulated depreciation equipment in total assets under liabilities and equity are accounts, payable and wages, payable and income, taxes, payable and total current liabilities and notes, payable, long$-$term, and total liabilities under the equity section are common stock, five dollar par value and retained earnings and total liabilities and equity And $2106900$ accounts receivable net was $66,500$ and inventory was $64,800$ and prepaid expenses was $4500$ and total assets was $242,700$ and equipment was $125,000$ and accumulated depreciation equipment was $-27,500$ and total assets was $340,200$ and accounts payable was $26,000$ and wages payable was $6100$ and income taxes payable was $3500$ and total current liabilities was $35,600$ And notes payable long$-$term was $31,000$ and total liabilities was $66,600$ and common stock five dollar par value was $222,000$ retained earnings was $50,600$ and total liabilities and equity was $340,200$ under $2020$ cash $45,000$ accounts receivable was $52,000$ and inventory was $88,000$ and prepaid expenses was $5600$ and total current assets was $190,600$ and equipment was $116,000$ and accumulated depreciation equipment was $-9500$ and total assets was $297,100$ and accounts payable $31,500$ and wages payable was $15,200$ and income taxes payable was $4000$ and total current liabilities was $50,700$ and notes payable long$-$term was $61,000$ and total liabilities Was $111,700$ and common stock five dollar value was $161,000$ and retain earnings was $24,400$ total liabilities and equity was $297,100$ income statement June $30,2021$ sales was $683,000$ cost of sold was $412,000$ gross profit was $271,000$ operating expenses excluding depreciation was $68,000$ depreciation expense was $59,600$ other gain gains losses Gain on a sale of equipment with $2100$ income for taxes was $145,500$ income tax expense was $43,990$ net income was $101,510$ additional information at $$30,000$ notes payable is retired at $$30,000$ caring book value exchange for cash the only change affecting Retained earnings net income cash dividends paid new equipment is required for $$58,600$ cash D received cash for the sale equipment that had cost $49,600,$ yielding a $2100$ gain E prepaid expenses and wages payable relate to operating expenses on the income statement F all purchases and sales of inventory are on creditrequired prepare a statement of cash flows using the indirect method for the year ended June $30,2021$ no amount to be deducted should be indicated with a $-$

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Required information

$[$The following information applies to the questions displayed below.$]$

The following financial statements and additional information are reported.

$\backslash$table$[[$IKIBAN INCORPORATED,$],[$Income Statement,$],[$For Year Ended June $30,2021,],[$Sales$,$$$683,000$