Question: Please help me solve this problem, I will leave a like! The following financial statements and additional information are reported. Additional Informotion o. A $30,000




The following financial statements and additional information are reported. Additional Informotion o. A $30,000 notes payable is retired at its $30.000 catyying (b00k) value in exchange tor cash. b. The only changes affecting retained eamings are net income and cash dividends paid. c. New equipment is acquired for $80.600 cash. d. Recelved cash for the sale of equipment that had cost $11,600 yleiding a 54,300 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 Required: 1) Prepare a statement of cosh flows using the indirect method for the year ended June 30, 2021. (Amounts to be deducted should ge indicated with a minus sign.) (2) Compute the company's cash flow on total assets ratio for its liscal year 2021
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