Wea tha followina financial statements and additional information. Additionel Information $45,000 note payable is retired at its $45,000 carrying (book) value in exchange for cash. c. The only changes affecting retained earnings are net income and cash dividends paid. d. New equipment is acquired for $70,000 cash d. Received cash for the sale of equipment that had cost $58,000. yleiding a $3,900 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. Reconstruct the entry for the purchase of new equipment. Note: Enter debits before credits. Journal entry worksheet Reconstruct the entry for the issuance of common stock. Note: Enter debits before credits. Close all revenue and gain accounts to income summary. Note: Enter debits before credits. Close all expense accounts to income summary. Note: Enter debits before credits. Close Income Summary to Retained Earnings. Note: Enter debits before credits. Reconstruct the journal entry for cash dividends paid. Note: Enter debits before credits. Prepare the Statement of Cash flows for the year ended June 30, 2019 using the Direct M account on the General Ledger tab to identify the sources and uses of cash. List cas values. Prepare the operating activities section of the statement of cash flows using the indirect method. reductions to net cash provided by operating activities as negative values