This is ONE question. It is a multipart question with parts a, b, c, d, e, f. Kindly, please answer accordingly. Will upvote based on accuracy and showing your work.

Thank you!

4 40 points Required information Exercise 12-11 Indirect: Preparing statement of cash flows LO P2, P3, A1 [The following information applies to the questions displayed below.) The following financial statements and additional information are reported. eBook Hint Ask Print IKIBAN INC. Comparative Balance Sheets June 30, 2019 and 2018 2019 2018 Assets Cash $ 95,500 $ 64,000 Accounts receivable, net 95,000 71,000 Inventory 83,800 116,500 Prepaid expenses 6,400 9,400 Total current assets 280,700 260,900 Equipment 144,000 135,000 Accum. depreciation- Equipment (37,000) (19,000) Total assets $387,700 $376,900 Liabilities and Equity Accounts payable $ 45,000 $ 60,000 Wages payable 8,000 19,000 Income taxes payable 5,400 7,800 Total current liabilities 58,400 86,800 Notes payable (long term) 50,000 80,000 Total liabilities 108,400 166,800 Equity Common stock, $5 par value 260,000 180,000 Retained earnings 19,300 30,100 Total liabilities and $387,700 $376,900 equity IKIBAN INC. Income Statement For Year Ended June 30, 2019 Sales $778,000 Cost of goods sold 431,000 Gross profit 347,000 Operating expenses Depreciation expense $78,600 Other expenses 87,000 Total operating 165,600 expenses 181,400 Other gains (losses) Gain on sale of 4,000 equipment Income before taxes 185,400 Income taxes 45,890 expense Net income $139,510 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 $77,600 cash. d. Received cash for the sale of equipment that had cost $68,600, yielding a $4,000 gain. e. Prepaid Expenses and Wages Payable relate to Other Expenses on the income statement. f. All purchases and sales of inventory are on credit. Exercise 12-11 Part 1 Required: (1) Prepare a statement of cash flows using the indirect method for the year ended June 30, 2019. (Amounts to be deducted should be indicated with a minus sign.) IKIBAN, INC. Statement of Cash Flows (Indirect Method) For Year Ended June 30, 2019 Cash flows from operating activities Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash Changes in current operating assets and liabilities Cash flows from investing activities Cash flows from financing activities Net increase (decrease) in cash Cash balance at prior year-end Cash balance at current year-end