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 $ 44,580 28,800 31,800 113,200 (37,200) $ 181,180 $ 26, 200 780 38,000 83,000 33,200 $ 181, 180 $ 19,000 31,000 38,000 104,000 (31,000) $ 161,000 $ 23,000 1,000 50,000 62,000 25,000 $ 161,000 $ 102,000 62,000 27,800 $ 12,200 Additional Data: a. Bought equipment for cash, $9,200. b. Paid $12,000 on the long-term notes payable c. Issued new shares of stock for $21,000 cash. d. Declared and paid a $4,000 cash dividend. e. Other expenses included depreciation, $6,200, salaries and wages, $10,200, taxes, $3,200; utilities, $8,200. 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. 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 0 0 Cash Flows from Investing Activities: 0 Cash Flows from Financing Activities: 0 $ 0