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[The following information applles to the questions displayed below.] The following financial statements and additional information are reported. Additional Information a. A $30,000 notes payable

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[The following information applles to the questions displayed below.] The following financial statements and additional information are reported. 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 $61,600 cash. d. Received cash for the sale of equipment that had cost $52,600, yielding a $2,400 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 fows using the indirect method for the year ended June 30, 2021 . Note Ammunts 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 2021

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