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	$	44,110		$	17,500
Accounts Receivable		26,100			28,000
Inventory		29,100			35,000
Equipment		109,900			101,000
Accumulated DepreciationEquipment		(36,600	)		(29,500	)
Total Assets	$	172,610		$	152,000
Accounts Payable	$	24,400		$	21,500
Salaries and Wages Payable		810			1,000
Note Payable (long-term)		35,000			47,000
Common Stock		79,500			59,000
Retained Earnings		32,900			23,500
Total Liabilities and Stockholders Equity	$	172,610		$	152,000
Income Statement (current year)
Sales Revenue	$	111,000
Cost of Goods Sold		66,500
Other Expenses		31,400
Net Income	$	13,100

Additional Data:

1. Bought equipment for cash, $8,900.
2. Paid $12,000 on the long-term note payable.
3. Issued new shares of stock for $20,500 cash.
4. Declared and paid a $3,700 cash dividend.
5. Other expenses included depreciation, $7,100; salaries and wages, $11,100; taxes, $4,100; utilities, $9,100.
6. 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.

Required: 1. Prepare the statement of cash flows for the year ended December 31 using the indirect method. (Amounts to be deducted should be indicated with a minus sign.)