Required information

$\backslash$table$[[,,,],[$Gain on sale of plant assets,$(2,300),,],[$Changes in current operating assets and liabilities$],[$Increase in accounts receivable,$(15,500),,],[$Decrease in inventory,$24,200,,],[$Decrease in prepaid expenses,$1,300,,],[$Decrease in accounts payable,$(6,500),,],[$Decrease in wages payable,$(9,300),,],[$Decrease in income taxes payable,$(700),,],[$Net cash provided by operating activities,,$$,158,310],[$Cash flows from investing activities$],[$Cash paid for equipment,$(60,600),,],[,,],[$Cash received from sale of equipment$],[$Net cash used in investing activities,,,$(60,600)$

a$.$ A $$30,000$ note payable is retired at its $$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 $$60,600$ cash.

d$.$ Received cash for the sale of equipment that had cost $$51,600,$ yielding a $$2,300$ 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.

Exercise $12-12($Algo$)$ Part $1$

Required:

$(1)$ Prepare a statement of cash flows using the indirect method for the year ended June $30,2020.$

Note: Amounts to be deducted should be indicated with a minus sign.