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Please show work and do the cash flow for return on assets as well. ...

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Accounting

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Please show work and do the cash flow for return on assets as well.

The following financial statements and additional information are reported: Prepare a statement of cash flows for the year ended June 30,2017 using the indirect method. a. A $25,000 note payable is retired at its $25,000 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 $60,100 cash. d. Received cash for the sale of equipment that had cost $48,800, yielding a $2,400 gain. e. Prepaid expenses and Wages payable relate to Other expenses on the income statement. f. All purchases and sales of merchandise inventory are on credit. 45

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