indicate where each tem would appear on a statement of cash ilows using the direct method by selecting an x in the approprlate column Required information [The following information applies to the questions displayed below] The following financial statements and adiditional information are reported. Additional information o. A $30,000 note payoble is retired at its $30,000 carrying (book) value in exchongo for cash b. The only changes affecting retained earnings are net income and cosh didends pald. c. New equipment is acquired for $57,600 cash d. Recelved casa for the sale of equipment that had cost $48,600, ylelding 0$2000gain e. Prepald Expenses and Wages Payabie retote to Operating Experises on the income stetement 1. All purchases ano sales of inventory are on ciedit indicate where each tem would appear on a statement of cash ilows using the direct method by selecting an x in the approprlate column Required information [The following information applies to the questions displayed below] The following financial statements and adiditional information are reported. Additional information o. A $30,000 note payoble is retired at its $30,000 carrying (book) value in exchongo for cash b. The only changes affecting retained earnings are net income and cosh didends pald. c. New equipment is acquired for $57,600 cash d. Recelved casa for the sale of equipment that had cost $48,600, ylelding 0$2000gain e. Prepald Expenses and Wages Payabie retote to Operating Experises on the income stetement 1. All purchases ano sales of inventory are on ciedit