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 Cash Accounts Receivable Inventory Equipment Accumulated Depreciation-Equipment (34,600) (27,000) $ 45,660 15,000 23,000 30,000 96,000 21,600 24,600 104,400 $161,660 $137,000 Accounts Payable Salaries and Wages Payable Note Payable (long-term) Common Stock Retained Earnings $ 21,400 860 31,000 77,000 31,400 19,000 1,000 42,000 54,000 21,000 $161,660 $137,000 Income Statement for 2015 Sales Revenue Cost of Goods Sold $116,000 69,000 33,400 her Expenses Net Income $ 13,600