prepare statment of cash flow using indirect method for the year ended june 30,2021 Required information [The

prepare statment of cash flow using indirect method for the year ended june 30,2021

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Required information [The following information applies to the questions displayed below.] The following financial statements and additional information are reported. IKIBAN INCORPORATED Comparative Balance Sheets At June 30 Assets Cash Accounts receivable, net Prepaid expenses Inventory Total current assets Equipment Accumulated depreciation-Equipment Total assets Liabilities and Equity Accounts payable Wages payable Income taxes payable Total current liabilities Notes payable (long term) Total liabilities 2021 2020 $ 101,500 $ 54,000 80,000 73,800 61,000 101,500 5,400 7,400 260,700 223,900 134,000 (32,000) $ 362,700 $ 35,000 7,000 125,000 (14,000) $ 334,900 $ 45,000 11,000 4,400 5,800 46,400 67,800 40,000 70,000 86,400 137,800 240,000 170,000 36,300 Total liabilities and equity $ 362,700 27,100 $ 334,900 Equity Common stock, $5 par value Retained earnings Required information [The following information applies to the questions displayed below.] The following financial statements and additional information are reported. IKIBAN INCORPORATED Comparative Balance Sheets At June 30 Assets Cash Accounts receivable, net Prepaid expenses Inventory Total current assets Equipment Accumulated depreciation-Equipment Total assets Liabilities and Equity Accounts payable Wages payable Income taxes payable Total current liabilities Notes payable (long term) Total liabilities 2021 2020 $ 101,500 $ 54,000 80,000 73,800 61,000 101,500 5,400 7,400 260,700 223,900 134,000 (32,000) $ 362,700 $ 35,000 7,000 125,000 (14,000) $ 334,900 $ 45,000 11,000 4,400 5,800 46,400 67,800 40,000 70,000 86,400 137,800 240,000 170,000 36,300 Total liabilities and equity $ 362,700 27,100 $ 334,900 Equity Common stock, $5 par value Retained earnings