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 Property and equipment Merchandise inventory Less: Accumulated depreciation 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 $ 37,600 33,000 41,000 122, 300 (31,400) $ 202, 500 $ 37,300 2,000 45, 100 90, 100 28,000 $ 202, 500 $ 125,000 75,000 38, 300 $ 11,700 $ 30,000 29, 100 38, 600 101,000 (25,500) $ 173, 200 $ 28,400 2,200 53,000 73, 300 16, 300 $ 173, 200 Additional Data: a. Bought equipment for cash, $21,300. b. Paid $7,900 on the long-term note payable. c. Issued new shares of stock for $16,800 cash. d. No dividends were declared or paid. e. Other expenses included depreciation, $5,900; wages, $20,400; taxes, $6,900; other, $5,100. 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. Required: 1. Prepare the statement of cash flows for the year ended December 31, current year, using the indirect method. (List cash outflows as negative amounts.)