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 $63,600 cash. d. Received cash for the sale of equipment that had cost $54,600, yielding a $2,600 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. IKIBAN, INCORPORATED Statement of Cash Flows (Indirect Method) For Year Ended June 30, 2021 Cash flows from operating activities Changes in current operating assets and liabilities \begin{tabular}{|l|l|} \hline Increase in accounts receivable \\ \hline Decrease in inventory & \\ \hline Decrease in prepaid expenses \\ \hline Decrease in accounts payable \\ \hline \end{tabular} Cash flows from financing activities