Hunter Company is developing its annual financial statements at December 31, 2015. The statements are complete except for the statement of cash flows. The completed comparative balance sheets and income statement are summarized 2015 2014 Balance Sheet at December 31 Cash Accounts Receivable Inventory Equipment Accumulated Depreciation-Equipment S 44,100 S13,000 19,000 26,000 92,000 (25,000) 18,000 21,000 100,000 (33,000) $150,100 $125,000 Accounts Payable Salaries and Wages Payable Note Payable (long-term) Common Stock Retained Earnings S 19,000 S17,000 1,000 38,000 50,000 19,000 900 25,000 75,000 30,200 $150,100 $125,000 Income Statement for 2015 Sales Revenue Cost of Goods Sold Other Expenses $120,000 71,000 35,000 Net Income $ 14,000 Additional Data a. Bought equipment for cash, $8,000 b. Paid $13,000 on the long-term note payable C. Issued new shares of stock for $25,000 cash. d. Declared and paid a $2,800 cash dividend e. Other expenses included depreciation, $8,000, salaries and wages, $12,000, taxes, $5,000; utilities $10,000 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