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Western Environmental Inc. Comparative Balance Sheet Information begin{tabular}{lrrr} & multicolumn{2}{c}{ June 30} Cash & 2023 & 2022 Accounts receivable (net) & 91,160 &

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Western Environmental Inc. Comparative Balance Sheet Information \begin{tabular}{lrrr} & \multicolumn{2}{c}{ June 30} \\ Cash & 2023 & 2022 \\ Accounts receivable (net) & 91,160 & $42,200 \\ Inventory & 97,000 & 74,600 \\ Prepaid expenses & 80,170 & 116,170 \\ Equipment & 6,490 & 6,250 \\ Accumulated depreciation & 157,000 & 145,000 \\ Accounts payable & 33,800 & 13,000 \\ Wages payable & 31,400 & 38,600 \\ Income taxes payable & 8,600 & 19,400 \\ Notes payable (long-term) & 2,890 & 4,330 \\ Comon shares & 49,000 & 85,000 \\ Retained earnings & 277,000 & 217,000 \\ \end{tabular} Western Environmental Inc. Income statement. 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 indirect method. (List any deduction in cosh and cosh outflows as negative amounts.) a. 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 $70,930 d. The profit on sale of equipment costing $58.930 during 2023 is $2,600. 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: Adjustments to reconcile profit to net cash provided by operating activities. Cash flows from investing activities. Cash flows from financing activities Cash flows from investing activities: Cash flows from financing activities

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