Ch 12 HW Part 2 7 Saved Help Save & Exit Submit Hunter Company 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: Check my work 0.66 points 202003 IMC Balance Sheet at December 31 Cash Accounts Receivable Inventory Equipment Accumulated Depreciation-Equipment Total Assets Accounts Payable Salaries and Mages Payable look Notes Payable (fong-term) Pw Common Stock Retained Earnings Total Liabilities and Stockholders' Equity Income Statement (current year) Sales Revenue Cost of Goods Boid Other Expenses Het Inco Additional Data: a. Bought equipment for cash, $10,000 b. Paid $11,000 on the long-term notes payable. c. Issued new shares of stock for $25,000 cash. d. Declared and paid a $4,800 cash dividend. Current Year Prior Year $5,900 36,000 19,000 122,000 142,000) $ 210.900 $23,000 39,000 46,000) 112,000 (35,000) $ 185,000 27,000 1,000 50,000 $31,000 700 47,000 $5,000 70,000 37,200 29,000 $210.900 $185.000 $110,000 66,000 31,000 $13,000 e. Other expenses included depreciation, $7,000, salaries and wages, $11,000; taxes, $4,000; utilities, $9,000 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 using the indirect method. (Amounts to be deducted should be indicated with a minus sign.)