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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

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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 balance sheets and income statement are summarized: Current Year Prior Year Balance Sheet at December 31 Cash Accounts Receivable Inventory Equipment Accumulated Depreciation-Equipment 13,500 20,000 27,000 93,000 (25, 500) s 44,990 18,900 21,900 101, 100 (33, 400) ces Total Assets 153, 490 $128,000 17, 500 Accounts Payable Salaries and Uages Payable Note Payable (long-term) Conmon Stock Retained Earnings 1,000 39,000 51,000 890 27,000 75, 500 19, 500 Total Liabilities and Stockholders' Equity $153,490 $128, 000 Income Statement (current year Sales Revenue cost of Goods Sold Other Expenses Net Income $119, 000 70, 500 34, 600 Additional Data Nent >

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