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begin{tabular}{lrr} & begin{tabular}{c} MONTGOMERY INCORPORATED Comparative Balance end{tabular} At Deets Current Year & Prior Year Assets & $30,400 & $30,550

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\begin{tabular}{lrr} & \begin{tabular}{c} MONTGOMERY INCORPORATED \\ Comparative Balance \end{tabular} \\ At Deets \\ Current Year & Prior Year \\ Assets & $30,400 & $30,550 \\ Cash & 10,050 & 12,150 \\ Accounts receivable, net & 90,100 & 70,150 \\ Inventory & 130,550 & 112,850 \\ Total current assets & 49,900 & 41,500 \\ Equipment & (22,50(0) & (15,300) \\ Accumulated depreciation-Equipment & $157,950 & $139,050 \\ Total assets & & \\ Liabilities and Equity & 23,900 & $25,400 \\ Accounts payable & 500 & 600 \\ Salaries payable & 24,400 & 26,000 \\ Total current liabilities & & \\ Equity & 110,000 & 100,000 \\ Common stock, no par value & 23,550 & 13,050 \\ Retained earnings & $157,950 & $139,050 \\ Total liabilities and equity & & \end{tabular} Additional Information on Current-Year Transactions a. No dividends are declared or paid. b. Issued additional stock for $10,000 cash. c. Purchased equipment for cash; no equipment was sold. Required: 1. Use the above information to prepare a statement of cash flows for the current year using the indirect method

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