Western Environmental Inc. Income Statement For Year Ended June 30, 2023 Sales cost of goods sold Gross profit Operating expenses: Depreciation expense other expenses Total operating expenses Profit from operations Gain on sale of equipment Profit before taxes Income taxes Profit 150,720$156,4802,400$158,88054,768104,112 Required: Use the Western 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 cash and cash 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 $70,320. d. The profit on sale of equipment costing $58,320 during 2023 is $2,400. e. Prepaid expenses and wages expense affect other expenses on the income statement. f. All sales and purchases of merchandise were on credit. Cash flows from operating activities: Adjustments to reconcile profit to net cash provided by operating activities Cash paid for dividends