The following financial statements and additional information are reported.

Additional Information

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 $63,400 cash.
d.	Received cash for the sale of equipment that had cost $48,600, yielding a $2,400 gain.
e.	Prepaid Expenses and Wages Payable relate to Other Expenses on the income statement.
f.	All purchases and sales of inventory are on credit.

	Prepare a statement of cash flows for the year ended June 30, 2015, using the indirect method. (Amounts to be deducted should be indicated with a minus sign.)

IKIBAN INC Comparative Balance Sheets June 30, 2015 and 2014 2015 2014 Assets Cash Accounts receivable, net Inventory Prepaid expenses $ 96,500 $60,200 51,500 96,000 6,100 69,100 66,300 4,900 Total current assets Equipment Accum. depreciation Equipment 236,800 131,800 (28,600) 213,800 117,000 (10,900) Total assets $340,000 $319,900 Liabilities and Equity Accounts payable Wages payable Income taxes payable $ 27,000 $32,100 16,100 4,400 7100 2,900 52,600 77,000 Total current liabilities 37,000 47,000 84,000 231,000 Notes payable (long term) Total liabilities Equity Common stock, $5 par value Retained earnings 129,600 182,000 8,300 25,000