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\begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{\begin{tabular}{l} Western Environmental Inc: \\ Coaparative balance Sheet Infornation \end{tabular}} \\ \hline & & 2020 & & 2019 \\ \hline Cosh & $ & 92,360 & 5 & 51,000 \\ \hline Accounts receivable (net) & & 103,000 & & 75,800 \\ \hline Inventory & & 80,230 & & 116,230 \\ \hline Prepaid expenses & & 6,550 & & 6,310 \\ \hline Equipment & & 163,000 & & 151,000 \\ \hline Accumulated depreciation & & 35,000 & & 19,000 \\ \hline Accounts payable & & 32,600 & & 39,800 \\ \hline Wages payable & & 9,300 & & 20,600 \\ \hline Income taxes payable & & 2,950 & & 4,390 \\ \hline Notes payable (long-term) & & 55,000 & & 91,000 \\ \hline Common shares & & 283,000 & & 223,600 \\ \hline Retained earnings & & 26,790 & & 2,550 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|} \hline \begin{tabular}{l} Western Emvironmental \\ Income Statement \\ For Year Juded Jane 30 , \end{tabular} & \begin{tabular}{l} Inc. \\ 2028 \end{tabular} & \\ \hline Sales: & & $793,000 \\ \hline Cost of goods sold & & 480,200 \\ \hline Gross profit & & $312,500 \\ \hline Operating expenses: & & \\ \hline Depreciation expense & $70,390 & \\ \hline other expenses & 80,470 & \\ \hline Total operating expenses & & 150,860 \\ \hline Profit from nonerations & & 8161.949 \\ \hline \end{tabular} Required: Use the Western Environmental Inc information given below to prepare a statement of cash flows for the year ended June 30, 2020, using the indirect method. Q.ist any deduction in cash and cosh outflows as negotive amounts.) a. A note is retired at carrying value. b. The only changes affecting retained eamings during 2020 are profit and cash dividends paid. c. New equipment is acquired during 2020 for $74,590 d. The profit on sale of equipment costing $62,590 during 2020 is $3,800 e. Prepaid expenses and wages expense affect other expenses on the income statement. f. All sales and purchases of merchandise were on credit \begin{tabular}{|c|c|c|c|} \hline & & & \\ \hline & & $ & 103,800 \\ \hline \multicolumn{4}{|l|}{ Cash flows from investing activities: } \\ \hline & & 1 & \\ \hline & & 10 & \\ \hline & & 1 & \\ \hline & & 1 & 1 \\ \hline Cash flows from financing activities: & & 12 & 24 \\ \hline & & & \\ \hline & & 1 & \\ \hline & & 8 & \\ \hline & & 1 & \\ \hline & & 0 & 0 \\ \hline & & 8 & \\ \hline & & 8 & \\ \hline & & $ & \\ \hline \end{tabular}

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