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there are 3 problems total with 6 pictures, please complete all of the pictures in this pist, thank you! #1 #2 #3 Fitz Company reports

there are 3 problems total with 6 pictures, please complete all of the pictures in this pist, thank you!
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Fitz Company reports the following information. Use the indirect method to prepare the operating activities section of its statement of cash flows for the year ended December 31 . (Amounts to be deducted should be indicated with a minus sign.) IKIBAN INCORPORATED At June 30 Comparative Balance sheets Assets Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Equipment Accumulated depreciation-Equipment Total assets Liabilities and Equity Accounts payable Wages payable Income taxes payable Total current liabilities Notes payable (long term) Total liabilities Equity Common stock, \$5 par value Retained earnings Total liabilities and equity \begin{tabular}{rr} 2021 & 2020 \\ $103,900 & $50,000 \\ 74,000 & 57,000 \\ 69,800 & 95,500 \\ 5,000 & 6,600 \\ \hline 252,700 & 209,100 \\ 130,000 & 121,000 \\ (30,000) & (12,000) \\ \hline$352,700 & $318,100 \\ \hline \hline \end{tabular} \begin{tabular}{rr} $31,000 & $39,000 \\ 6,600 & 16,200 \\ 4,000 & 5,000 \\ \hline 41,600 & 60,200 \\ 36,000 & 66,000 \\ \hline 77,600 & 126,200 \end{tabular} IKIBAN INCORPORATED Income Statement Sales For Year Ended June 30,2021 Cost of goods sold Gross profit Operating expenses (excluding depreciation) Depreciation expense Other gains (losses) Gain on sale of equipment Income before taxes Income taxes expense Net income 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 eamings are net income and cash dividends paid. c. New equipment is acquired for $63,600 cash. d. Received cash for the sale of equipment that had cost $54,600, ylelding a $2,600 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. Required: (1) Prepare a statement of cash flows using the indirect method for the year ended June 30, 2021. (Amounts to be de be indicated with a minus sign.) IKIBAN, INCORPOPATED Statement of Cash Flows (indirect Method) For Year Ended June 30, 2021 Cash flows from operating activities [The following information applies to the questions displayed below] The following financial statements and additional information are reported. Additional Informetion 0. 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 $63,600 cash. d. Received cash for the sale of equipment that had cost $54,600, yielding a $2.600 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. Additional Information a. A $30,000 notes payable is retired at its $30,000 carrying (book) value in exchange for cash. b. The only chariges affecting retained earnings are net income and cash dividends paid. c. New equipment is acquired for $63,600 cash. d. Received cash for the sale of equipment that had cost $54,600. yielding a $2,600 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. (2) Compute the company's cash flow on total assets ratio for its fiscal year 2021

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