0.400 Hunter Company is developing its annual financial statements at December 31. The statements are complete except for the statement of cosh flows The completed comparative balance sheets and income statement are summarized current year Prior Year Balance sheet at December 1 Cash 5.43.100 2,200 accounts Receivable 30,00 23,000 Inventory 33.600 40.000 Equipment 115,400 LOG Accumulated depreciation quipment 22.000 Total sets $119,360 $167.00 Accounts Payable $ 27,400 24,000 Salaries and Nages Pele 160 1,000 Note Payable (longtern) 52000 Connon Stock 16.000 Retained Earnings 36 200 Total abilities and stockholders Equity 51,360 517,000 Incon Statement (current year) Sales Revue 310,000 Cost of Goods Sold 6).000 Other Expenses 20 ce Net Incode $1,400 41,000 Additional Data: Bought equipment for cash, 59.400 6 Pold $11,000 on the long term note payable Issued new shares of stock for $22.000 cash d Declared and poldo 54 200 cosh dividend te expenses included depreciation 56,400 salaries and wages, 510400, sovet 53.400 $8.400 Accounts Payable includes only inventory purchases mode on credit Because there are nobility accounts relating to this on other expenses assume that these expenses were fully paid in cos