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 $ 44,100 $ 13,000 Accounts Receivable 18,000 19,000 Inventory 21,000 26,000 Equipment 100,000 92,000 Accumulated Depreciation-Equipment (33,080) (25,000) Total Assets $150, 100 $125,000 Accounts Payable $ 19,000 $ 17,000 Salaries and Wages Payable 900 1,000 Note Payable (long-term) 25,000 38,000 Common Stock 75,000 50,000 Retained Earnings 30,200 19,000 Total Liabilities and Stockholders' Equity $150, 100 $125,000 Income Statement (current year) Sales Revenue $120,000 Cost of Goods Sold 71,000 Other Expenses 35,000 Net Income $ 14,000 Additional Data: a. Bought equipment for cash, $8,000. b. Paid $13,000 on the long-term note payable. c. Issued new shares of stock for $25,000 cash. d. Declared and paid a $2,800 cash dividend. e. Other expenses included depreciation, $8,000; salaries and wages, $12,000, taxes, $5,000; utilities, $10,000 . 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.)