Question: PLEASE HELP ME IVE BEEN SEARCHING FOR AN ANSWER FOR HOURS!!! Required information Exercise 16-12 (Algo) Indirect: Preparing statement of cash flows LO P2, P3,

![P2, P3, A [The following information applies to the questions displayed below.]](https://dsd5zvtm8ll6.cloudfront.net/si.experts.images/questions/2024/09/66f1f3d98f2f2_63366f1f3d930ef7.jpg)


Required information Exercise 16-12 (Algo) Indirect: Preparing statement of cash flows LO P2, P3, A [The following information applies to the questions displayed below.] The following financial statements and additional information are reported. Additional Information 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 $80,600 cash. d. Received cash for the sale of equipment that had cost $71,600, yielding a $4,300 gain. e. Prepaid Expenses and Wages Payable relate to Operating Expenses on the income statement. f. All purchases and sales of inventory are on credit. x Answer is not complete. (2) Compute the company's cash flow on total assets ratio for its fiscal year 2021
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