Additional Information A $30,000 note payable is retired at its $30,000 carrying (book) value in exchange for cash. The only changes affecting retained earnings are net income and cash dividends paid. New equipment is acquired for $57,600 cash. Received cash for the sale of equipment that had cost $48,600, yielding a $2,000 gain. Prepaid Expenses and Wages Payable relate to Other Expenses on the income statement. All purchases and sales of inventory are on credit. Exercise 16-11 Part 1 Required: (1) Prepare a statement of cash flows for the year ended June 30, 2017, using the indirect method. (Amounts to be deducted should be indicated with a minus sign.)

the initial information is missing, but I found a similar question that you can use as an example:

                              Ikiban Inc.

                     Statement of Cash flows

               For the Year Ended June 30, 2017

Cash flow from operating activities:

Net income                                                               $117,510

Adjustments to net income:

Net cash flow from operating activities                  $171,510

Cash flow from investing activities:

Purchase of new equipment                                 ($57,600)

Disposal of old equipment                                    $48,600

Net cash flow from investing activities                  ($9,000)

Cash flow from financing activities:

Issuance of common stock                                   $69,000

Retirement of note payable                                 ($30,000)

Distributed dividends                                           ($106,310)

Net cash flow from financing activities                 ($67,310)

Net cash increase                                                  $95,200

Cash balance June 30, 2016                                $53,000

Cash balance June 30, 2017                                $148,200

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