5] Audio City, Incorporated, 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 below: Additional Data: a. Bought equipment for cash, $71,000. b. Paid $14,000 on the long-term notes payable. c. Issued new shares of stock for $28,000 cash. d. Dividends of $4,800 were paid in cash. e. Other expenses included depreciation, $14,000; salaries and wages, $19,000; taxes, $24,000. f. Accounts Payable includes only inventory purchases made on credit. Because a liability relating to taxes does not exist, assume that they were fully paid in cash. AUDIO CITY INCORPORATED Statement of Cash Flows For the Year Ended December 31 Cash Flows from Operating Activities: Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities