The following financial statements and additional information are reported.

Additional Information

a$.$ A $\backslash$$$30,000$ notes payable is retired at its $\backslash$$$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 $\backslash (\backslash$$ $74,600\backslash )$ cash.

d$.$ Received cash for the sale of equipment that had cost $\backslash (\backslash$$ $65,600\backslash ),$ yielding a $\backslash (\backslash$$ $3,700\backslash )$ 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. Answer is not complete.

$\backslash$begin$\{$tabular$\}\{|$c$|$c$|$c$|$c$|$c$|\}$

$\backslash$hline $\backslash$multicolumn$\{5\}\{|$c$|\}\{$IKIBAN$,$ INCORPORATED$\}\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{5\}\{|$c$|\}\{$Statement of Cash Flows $($Indirect Method$)\}\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{5\}\{|$c$|\}\{$For Year Ended June $30,2021\}\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{5\}\{|$l$|\}\{$Cash flows from operating activities$\}\backslash \backslash$

$\backslash$hline Net income & $*$ & $\backslash$$ $133,510$ & & $\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{5\}\{|$l$|\}\{$Adjustments to reconcile net income to net cash provided by operating activities$\}\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{5\}\{|$l$|\}\{$Income statement items not affecting cash$\}\backslash \backslash$

$\backslash$hline Depreciation expense & $($ & $75,600$ & & $\backslash \backslash$

$\backslash$hline Cash received from sale of equipment & $\backslash (\backslash$times $\backslash )$ & $\backslash ((3,700)\backslash )$ & & $\backslash \backslash$

$\backslash$hline Increase in accounts receivable & $\backslash (\backslash$times $\backslash )$ & $\backslash ((22,500)\backslash$times $\backslash )$ & & $\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{5\}\{|$l$|\}\{$Changes in current operating assets and liabilities$\}\backslash \backslash$

$\backslash$hline Decrease in inventory & $2$ & $31,200$ & & $\backslash \backslash$

$\backslash$hline Decrease in prepaid expenses & v & $2,700$ & & $\backslash \backslash$

$\backslash$hline Decrease in accounts payable & $($ & $\backslash ((13,500)\backslash )$ & & $\backslash \backslash$

$\backslash$hline Decrease in wages payable & $\backslash ($ v $\backslash )$ & $\backslash ((10,700)\backslash )$ & & $\backslash \backslash$

$\backslash$hline Decrease in income taxes payable & $($ & $\backslash ((2,100)>\backslash )$ & & $\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{5\}\{|$l$|\}\{\}\backslash \backslash$

$\backslash$hline & & & & $\backslash \backslash$

$\backslash$hline Net cash provided by operating activities & $($ & & $\backslash$$ & $190,510\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{5\}\{|$l$|\}\{$Cash flows from investing activities$\}\backslash \backslash$

$\backslash$hline Cash paid for equipment & V & $\backslash ((74,600)\backslash )$ & & $\backslash \backslash$

$\backslash$hline Cash received from sale of equipment & $($ & $11,700$ & & $\backslash \backslash$

$\backslash$hline & & & & $\backslash \backslash$

$\backslash$hline Net cash used in financing activities & $\backslash (\backslash$times $\backslash )$ & & & $\backslash ((62,900)\backslash )\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{5\}\{|$l$|\}\{$Cash flows from financing activities$\}\backslash \backslash$

$\backslash$hline Cash paid to retire notes & $2$ & $\backslash ((30,000)\backslash )$ & & $\backslash \backslash$

$\backslash$hline Cash received from stock issuance & $2$ & $77,000($ & & $\backslash \backslash$

$\backslash$hline Cash paid for dividends & $($ & $\backslash ((138,310)\backslash )$ & & $\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{5\}\{|$l$|\}\{\}\backslash \backslash$

$\backslash$hline Net cash used in financing activities & $($ & & & $\backslash ((91,310)\backslash )\backslash \backslash$

$\backslash$hline Net increase $($decrease$)$ in cash & & & $\backslash$$ & $36,300\backslash \backslash$

$\backslash$hline Cash balance at prior year$-$end & & & & $61,000(\backslash \backslash$

$\backslash$hline Cash balance at current year$-$end & & & $\backslash$$ & $97,300\backslash \backslash$

$\backslash$hline

$\backslash$end$\{$tabular$\}(2)$ Compute the company's cash flow on total assets ratio for its fiscal year $2021.(2)$ Compute the company's cash flow on total assets ratio for its fiscal year $2021.$

Answer is complete but not entirely correct.