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 Total Assets Accounts Payable Salaries and Wages Payable Notes 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 Additional Data: a. Bought equipment for cash, $8,100. b. Paid $12,000 on the long-term notes payable. c. Issued new shares of stock for $24,500 cash. d. Declared and paid a $2,900 cash dividend. $ 44,990 $ 13,500 18,900 21,900 101,100 (33,400) $ 153,490 $ 19,600 890 27,000 20,000 27,000 93,000 (25,500) $ 128,000 $ 17,500 1,000 39,000 75,500 51,000 30,500 19,500 $ 153,490 $ 128,000 $ 119,000 70,500 34,600 $ 13,900 e. Other expenses included depreciation, $7,900; salaries and wages, $11,900; taxes, $4,900; utilities, $9,900. 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.