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 $ 44,770 $ 14,500 Accounts Receivable 20,700 22,000 Inventory 23,700 29,000 Equipment 103,300 95,000 Accumulated Depreciation Equipment (34,200) 126,500 Total Assets 5158.270 $134,000 Accounts Payable 5.20,000 $ 10,500 Solaries and Wages Payable 870 1,000 Note Payable long term 29,000 Common Stock 41,000 76,500 53,000 Retained Earnings 31,100 20.500 Total Liabilities and Stockholders' Equity $158,270 5134.000 Income Statenent current year) Sales Revenue $112.000 Cost of Goods Sold 59,500 Other Expenses 32.00 Not Income $ 13,700 rence Additional Data a. Bought equipment for cash, $8,300 b. Pald 512.000 on the long-term note payable Issued now shares of stock for 523,500 cash. d. Declared and paid a $3.100 cash dividend Other expenses included depreciation, 57,700, salaries and wages. $11.700, taxes, $4,700, utilities. $9.700 b. Poid $12,000 on the long-term note payable. C. Issued new shares of stock for $23,500 cash d. Declared and paid a $3,100 cash dividend, e Other expenses included depreciation, $7700; salaries and wages, $11.700 taxes, $4,700; utilities. $9.700. 1. 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 Flow For the Year Ended December 31 Cash Flows from Operating Activities: Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities Cash Flower