2. Use the statement of cash flows to evaluate Hunters cash flows.The overall cash balance increased by $26,000 in 2020, due primarily to cash provided by operating activities of $28,800, supplemented by $20,000 received from a new share issuance. With this cash, Hunter Company purchased $9,000 of equipment, paid down $10,000 of a long-term note payable, and paid cash dividends of $3,800. Menu for Validated Cells: Depreciation Cash balance, January 1, 2020 Change in Accounts Payable Change in Accounts Receivable Change in Merchandise Inventory Change in Wages Payable Dividends paid Net income Net increase in cash during the year Payments on long-term debt Proceeds from share issuance Purchase of equipment