Using the direct method, prepare the statement of cash flows for the year ended June $30,2021.$ Additional Information

a$.$ A $$37,200$ note payable is retired at its $$37,200$ 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 $$66,600$ cash.

d$.$ Received cash for the sale of equipment that had cost $$57,600,$ yielding a $$2,900$ 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.

Using the direct method, prepare the statement of cash flows for the year ended June $30,2021.$

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

$\backslash$table$[[$IKIBAN$,$ INCORPORATED,$],[$Statement of Cash Flows $($Direct Method$),],[$For Year Ended June $30,2021,,],[$Cash flows from operating activities,,$],[,,],[,,],[,,],[,,],[,,],[$Cash flows from investing activities,,$],[,,],[,,],[$Cash flows from financing activities,,$],[,,],[,,],[,,],[,,],[,,],[,,],[,,]]$

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