Westenn Environmental Ine. Comparative Balance Sheet Informat ion \begin{tabular}{lrrr|} & \multicolumn{3}{c}{ June 30} \\ Cash & 2023 & 2022 \\ Accounts receivable (net) & 92,960 & $5 & 55,400 \\ Inventory & 106,000 & 76,400 \\ Prepaid expenses & 30,260 & 116,260 \\ Equipent: & 6,580 & 6,340 \\ Accumulated depreciation & 166,000 & 154,000 \\ Accounts payable & 35,600 & 22,090 \\ Wages payable & 33,200 & 40,400 \\ Income taxes payable. & 10,400 & 21,200 \\ Notes payable (long-tern) & 2,980 & 4,420 \\ Common shares & 58,000 & 94,090 \\ Retained earnings & 286,000 & 226,090 \\ & 25,620 & 380 \\ \hline \end{tabular} Western Environeenta1 Inc. Incone Statement Required: Required: Use the Westem Environmental inc. Information given below to prepare a statement of cash flows for the year ended June 30,2023. using the direct method. (List any deduction in cosh and cosh outtlows as negative amounts.) o. A note is retired at carrying value. 0. A note is retired at carrying vaiue. b. The only changes affecting retained earnings during 2023 are profit and cash dividends pald. c. New equipment is acquired during 2023 for $76.420. d. The profit on sale of equipment costing $64,420 during 2023 is $4,400. e. Prepaid expenses and wages expense affect other expenses on the income statement. f. All sales and purchases of merchandise were on credit. Required: Use the Westem Environmental Inc, information given below to prepare a statement of cash flows for the year ended June 30,2023 , using the direct method. (List any deduction in cosh and cash outtlows as negative amounts.) o. A note is retired at carrying value. b. The only changes affecting retained earnings during 2023 are profit and cash dividends paid. c. New equipment is acquired during 2023 for $76,420, d. The profit on sale of equipment costing $64.420 during 2023 is $4,400. e. Prepaid expenses and wages expense affect other expenses on the income statement. f. All sales and purchases of merchandise were on credit. WESTERN ENVIRONMENTAL INC. Statement of Cash Flows For Year Ended June 30, 2023 Cash flows from operating activities: Cash flows from investing activities. Cash flows from financing activities