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I am working on the Statement of Cash Flow for Hk) Company using… I am working on the Statement of Cash Flow for Hk) Company using the indirect method, for theyear ended March 31, 2022. HKI follows ASPE. Assume that any unexplained changes are fromlogical sources. I need your heip analyzing the following accounts and transactions for HKl’s cashflow statement.For each of the items below please;1) Determine the amount of cash flow2) Identity which section of the Cash Flow Statement the cash flow inflow or outflow shouldbe reported in (Operating, Investing or Financing)3) Determine what amount, if any, will be shown as an addition or subtraction to net incomein the Operating Activities section of the Cash Flow Statement (using the indirect method),Make sure to show all calculations, Issue #12021 Salaries and wages expense $12 0002021 Wages payable $1,0002020 Wages payable $4, 000 Issue #2Sold equipment for cash during 2022. The equipment had an original cost of $15, 000, accumulateddepreciation of $9,000. The 2022 income statement indicates a $2,000 loss on the sale. Issue #3Retained earnings March 31 2021: 523 000Retained earnings, March 31 2020: $24.000Net income for year ended March 31 2021: $7,000 Accounting Business Financial Accounting

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