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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
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: Current Year Prior Year 5 points Print 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) Common Stock Retained Earnings Total Liabilities and Stockholders' Equity Income Statement (current year) Sales Revenue Cost of Goods Sold Other Expenses Net Income $ 47,870 29,700 32,700 114,300 (37,800) $186,770 $ 26,800 770 41,000 84,500 33,700 $186,770 $ 19,500 32,000 39,000 105,000 (31,500) $164,000 $ 23,500 1,000 51,000 63,000 25,500 $164,000 $103,000 62,500 28,200 $ 12,300 Additional Data: Mc
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