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 $ 48,160 39,680 33,600 115,480 (38,40e) $ 189, 360 $ 27,488 760 41,000 86,000 34,200 $ 20,eee 33,000 40.ee 106, cee (32,00) $ 167, eee $ 24, eee 1, see 52, see 64.ee 26, see $ 167,200 $ 189, 360 $ 104,90 63,000 28,680 $ 12,480 Net Income Additional Data: a. Bought equipment for cash, $9.400. b. Paid $11,000 on the long-term notes payable. c. Issued new shares of stock for $22,000 cash. d. Declared and pald a $4,200 cash dividend. e Other expenses Included depreciation, $6,400; salaries and wages, $10,400; taxes, $3,400; utilities, $8,400. 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 pald 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.) HUNTER COMPANY Statement of Cash Flows For the Year Ended December 31 Cash Flows from Operating Activities: Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: Changes in Current Assets and Current Liabilities Cash Flows from Investing Activities: Cash Flows from Financing Activities