BGP Electrical Supply is developing its annual financial statements at December 31, current year. 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 Merchandise inventory Property and equipment Less: Accumulated depreciation $ 37,100 32,200 43,000 121,100 (30,300) $203,100 $ 36,200 1,400 39,300 89, 100 37,100 $203,100 $ 28,900 28,400 38,100 100,400 (25,100) $170,700 $ 27,400 1,500 44,100 72,700 25,000 $170,700 Accounts payable Accrued wages expense Note payable, long-term Common stock and additional paid-in capital Retained earnings Income statement for current year Sales Cost of goods sold Other expenses Net income $121,000 71,080 37,900 $ 12,100 Additional Data: a. Bought equipment for cash, $20,700. b. Paid $4,800 on the long-term note payable. c. Issued new shares of stock for $16,400 cash. d. No dividends were declared or paid. e. Other expenses included depreciation, $5,200; wages, $20,100; taxes, $6,100; other, $6,500. f. 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. BGP ELECTRICAL SUPPLY Statement of Cash Flows For the Year Ended December 31, Current Year Cash flows from operating activities: Adjustments to reconcile net income to net cash provided by operating activities: Cash flows from investing activities: Cash flows from financing activities: $ 0