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 44,440 16,000 25,000 Accounts Receivable Inventory Equipment 23,400 26,400 106,600 32,000 Accumulated Depreciation-Equipment (35,400 (28,000) $165,440 $143,000 Accounts Payable Salaries and Wages Payable Note Payable (long-tem) Common Stock Retained Earnings S 22,600 20,000 1,000 32,000 56,000 840 44,000 32,000 22,000 $165,440 $143,000 78,000 ncome Statement for 2015 Sales Revenue Cost of Goods Sold Other Expenses $114,000 68,000 32,600 Net Income $ 13,400 Additional Data a Bought equipment for cash, $8,600. b. Paid $12,000 on the long-term note payable c Issued new shares of stock for $22,000 cash d. Declared and paid a $3,400 cash dividend e. Other expenses included depreciation, $7,400, salaries and wages, $11,400; taxes, $4,400, utlities, $9,400 f Accounts Payable includes only inventory purchases made on credit. Because there are no liability aocounts relating to taxes or other expensos, assume that these expenses were fully paid in cash