HANDI a. A $30,000 notes payable is retired at its $30,000 carrying (book) value in exchange...

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HANDI a. A $30,000 notes 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 $79,600 cash d. Received cash for the sale of equipment that had cost $70,600, yielding a $4,200 gain. e. Prepaid Expenses and Wages Payable relate to Operating Expenses on the income statement, All purchases and sales of inventory are on creat Required: (1) Prepare a statement of cash flows using the indirect method for the year ended June 30, 2021. Note: Amounts to be deducted should be indicated with a minus sign. KIBAN, INCORPORATED Statement of Cash Flows Undirect Method) Cash foom from operating acti Net Income For Year Ended June 30, 2021 Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash Depreciation exper Changes in current oporating assets and obes Cash flows from investing activities 143,510 80.600 224,110 HANDI a. A $30,000 notes 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 $79,600 cash d. Received cash for the sale of equipment that had cost $70,600, yielding a $4,200 gain. e. Prepaid Expenses and Wages Payable relate to Operating Expenses on the income statement, All purchases and sales of inventory are on creat Required: (1) Prepare a statement of cash flows using the indirect method for the year ended June 30, 2021. Note: Amounts to be deducted should be indicated with a minus sign. KIBAN, INCORPORATED Statement of Cash Flows Undirect Method) Cash foom from operating acti Net Income For Year Ended June 30, 2021 Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash Depreciation exper Changes in current oporating assets and obes Cash flows from investing activities 143,510 80.600 224,110