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CP12-3 Preparing a Statement of Cash Flows Indirect Method) LO 12-2, LO 12-3, LO 12-4, LO 12-5) is developing its annual financial statements at December

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CP12-3 Preparing a Statement of Cash Flows Indirect Method) LO 12-2, LO 12-3, LO 12-4, LO 12-5) is developing its annual financial statements at December 31, 2015. The statements are Hunter Company complete except for the statement of cash flows. The completed comparative balance sheets and income statement are summarized: Balance Sheet at December 31 s 45,660 s 15.000 Cash Accounts Receivable Inventory Equipment 23,000 30,000 96,000 Accumulated Depreciation-Equipment (34,600) (27,000) 21,600 24,600 104,400 $161.660$137,000 Accounts Payable Salaries and Wages Payable Note Payable (long-term) Common Stock Retained Earnings $21.400S 19,000 1,000 42,000 54,000 31,400 21.000 860 31,000 77,000 $161,660$137,000 Income Statement for 2015 Sales Revenue Cost of Goods Sold Other Expenses $116,000 69,000 33,400 Net Income $ 13,600 Additional Data: a. Bought equipment for cash, $8,400 b. Paid $11,000 on the long-term note payable C. Issued new shares of stock for $23.000 cash. d. Declared and paid a $3.200 cash dividend e. Other expenses included depreciation, $7,600, salaries and wages, $11,600, taxes, $4,600; utilities $9,600 t. 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, 2015, using the indirect method. (Amounts to be deducted should be indicated with a minus sign) HUNTER COMPANY Required: 1. Prepare the statement of cash flows for the year ended December 31, 2015, using the indirect method. (Amounts to be deducted should be Indicated with a minus sign.) HUNTER COMPANY Statement of Cash Flows For the Year Ended December 31, 2015 Cash Flows from Operating Activities: Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: 0 Cash Flows from Investing Activities: 0 Cash Flows from Financing Activities

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