a. A 30,000 note payable is retired at it's $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 $ 57,600 cash.

d. Received cash for sale of equipment that had cost 48,000, yielding a 2,000 gain

e. Prepaid Expenses and wages payable relate to other Expenses on the income statement.

f. All purchases and sales of merchandise inventory are on credit..

Required

(1) Prepare a statement of cash flow for the year ended June 30,000 2013, using the indirect method, and

(2) Compute the company's cash flow on total assets ratio its fiscal year 2013.