Audio House, Incorporated, is developing its annual financial statements at Decernber 31 , current year. The statements are complete except for the statement of cash flows. The completed comparative balance sheets and income statement are summarized as follows: Additional Data. a. Bought equipment for cash, $53,500. b. Borrowed an additional $12,300 and signed an additional long-term note payable. c. Issued new shares of stock for $5,000 cash. d. Dividends of $16,700 were declared and paid in cash. e. Other expenses included depreciation, $16,300; wages, $26,500; and taxes, $27,600. f. Accounts payable includes only inventory purchases made on credit. Required: 1. Prepare the statement of cash flows for the year ended December 31 , current year, using the indirect method. Note: List cash outflows as negative amounts. require. 1. Prepare the statement of cash flows for the year ended December 31 , current year, using the indirect meth