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Exercise 12-12 (Algo) Indirect: Preparing statement of cash flows LO P2, P3, A1 [The following information applies to the questions displayed below.] 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 $71,600 cash. d. Recelved cash for the sale of equipment that had cost $62,600, yielding a $3,400 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. Required: (1) Prepare a statement of cash flows using the indirect method for the year ended June 30, 2021. Note: Amounts to be deducted should be indicated with a minus sign. \begin{tabular}{|c|c|c|} \hline & - & \\ \hline & & \\ \hline & & \\ \hline & & - \\ \hline Cash flows from investing activities & & \\ \hline+2 & & \\ \hline & & \\ \hline & & \\ \hline & - & \\ \hline Cash flows from financing activities & & \\ \hline & & 1 \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline Net increase (decrease) in cash & - & +2 \\ \hline Cash balance at prior year-end & & \\ \hline Cash bilance at current year-ond & & \\ \hline \end{tabular} (2) Compute the company's cash flow on total assets ratio for its fiscal year 2021

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