Chapter 12 Homework 18 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: 0.4 DO Prior Year $ 19,500 28.000 35.000 101,000 ebook Balance Sheet at December 31 Cash Accounts Receivable Inventory Equipment Accumulated Depreciation Equipment Total Assets Accounts Payable Salaries and wages Payable Note Payable (long-term) Canon Stock Retained Earnings Total Lilities and Stockholders Equity Income Statement (current year) Sales Revenue Cost of Goods Sold Other Expenses Het Income Current Year $44,110 26,100 29.100 109,900 (30.66 $12.610 $ 24,400 10 35.000 79,500 31,00 5172.610 $15.000 $ 21,500 1.00 47,000 59.000 23.500 $150,000 $111,000 66,500 11.00 $ 13,100 Additional Data a. Bought equipment for cash 58.900 b. Paid $12.000 on the long term note payable c.Issued new shares of stock for $20,500 cash, d Declared and paid a $3.700 cash dividend e Other expenses included depreciation, $7100, salaries and wages $11100, taxes, 54100, utilities. $9.100. 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 1. Prepare the statement of cash flows for me year ended December 31 using the indirect method. (Amounts to be deducted should be indicated with a minus sign.) HUNTER COMIANY Statement of Cash Flows Cast from Operating Advies 18 Declared and paid a 53/00 cash dividend e Other expenses included depreciation, 57100, salaries and wages, $11,100, taxes. $4,100 utilities, 59100, 1 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 04 DOM 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.) ebook HUNTER COMPANY Statement of Cash Flows For the Year Ended December 31 Cash Flows from Operating Activities trees Adjustments to Reconcile Net Income to Not Cash Provided by Operating Activities Cash Flows from investing Active Cash Flows from Flancing Activities