Answer:
                                       IKIBAN INC.
            Statement of cash flow using indirect method for 
                            the year ended June 30, 2019
Particulars                                                                   Amount
$
Cash flow from operating activities
Net Income                                                                  145,510
<em>Adjustments to reconcile net income to net</em>
<em>cash provided by operating activities  
</em>
<u>Adjustment for non cash effects</u>
Depreciation                                                                 81,600
Gain on sale of equipment                                          -4,300
<u>Change in operating assets & liabilities</u>
Increase in accounts receivable                                 -25,500
Decrease in inventory                                                  34,200
Decrease in prepaid expenses                                    3,300
Decrease in accounts payable                                    -16,500
Decrease in wages payable                                        -11,300
Decrease in income taxes payable                             <u>-2,700  </u>
Net cash flow from operating activities (A)              204,310
Cash Flow from Investing activities
New equipment purchased                                        -80,600
Equipment sold                                                             <u>12,300</u>
Net cash Flow from Investing activities (B)        -68,300
Cash Flow from Financing activities  
Cash dividends paid                                                   -162,310
($31,000 + $145,510 - $14,200)
Common stock issued                                                  83,000
Notes payable paid                                                     <u>-30,000</u>
Net cash Flow from Financing activities (C)            -109,310
Net Change in cash = A+B+C                                   $26,700
($204,310 - $68,300 - $109,310)
Beginning cash balance                                           <u>$67,000</u>
Closing cash balance                                               <u> $93,700</u>