2 Check my work Hunter Company is developing its annual financial statements at December 31. The statements are complete except for the statement of cash flows. The completed comparative balance sheets and income statement are summarized: Current Year Prior Year Balance Sheet at December 31 Cash Accounts Receivable Inventory Equipment Accumulated Depreciation-Equipment 45,33016,580 26,800 33,000 99,000 24, 300 27,300 107, 780 3s, 800) (28,500e) Total Assets $168,830 $146,080 23,200 20,500 Accounts Payable Salaries and Wages Payable Note Payable (long-term) Common Stock Retained Earnings 830 34,000 78, 580 32, 300 168,830 1,000 45,800 57,000 22, 500 $146,006e Total Liabilities and stockholders' Equity Income Statement (current year) Sales Revenue Cost of Goods Sold Other Expenses Net Income $113,000 67,500 32,200 13,300 Additional Data: a. Bought equipment for cash, $8,700. b. Paid $11,000 on the long-term note payable C. Issued new shares of stock for $21,500 cash. d. Declared and paid a $3,500 cash dividend. e. Other expenses included depreciation, $7 300; salaries and wages, $11,300: taxes, $4.300; utilities, $9.300o Accounts Payable includes only inventory purchases made on credit. Because there are no liability accounts relating to taxes or other expenses, assume that these expenses were fully paid in cash. ces ok Cash Flows from Investing Activities: ces Cash Flows from Financing Activities: to search