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 $57,600 cash. Cash paid for Equipment $57,600 e. Received cash for the sale of equipment that had cost $48,600, yielding a $2,000 gain. t. Prepaid Expenses and Wages Payable relate to Operating Expenses on the income statement: g. All purchases and sales of inventory are on credit. Required: (1) Compute the amount of cash received from the sale of equipment. (2) Prepare a statement of cash flows using the indirect method for the year ended June 30,2023. 1) Compute the amount of cash received from the sale of equipment. Required: (2) Prepare a statement of cash flows using the indirect method for the year ended June 30, 2023. IKIBAN, INCORPORATED Statement of Cash Flows (Indirect Method) For Year Ended June 30, 2023 Cash flows from operating activities Net income Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash Changes in current operating assets and liabilities Cash flows from investing activities Cash received from sale of equipment Cash flows from investing activities Cash received from sale of equipment Cash flows from financing activities Net increase (decrease) in cash Cash balance at prior year-end Cash balance at current year-end