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	$	44,440		$	16,000
Accounts Receivable		23,400			25,000
Inventory		26,400			32,000
Equipment		106,600			98,000
Accumulated DepreciationEquipment		(35,400	)		(28,000	)
Total Assets	$	165,440		$	143,000
Accounts Payable	$	22,600		$	20,000
Salaries and Wages Payable		840			1,000
Note Payable (long-term)		32,000			44,000
Common Stock		78,000			56,000
Retained Earnings		32,000			22,000
Total Liabilities and Stockholders Equity	$	165,440		$	143,000
Income Statement (current year)
Sales Revenue	$	114,000
Cost of Goods Sold		68,000
Other Expenses		32,600
Net Income	$	13,400

Additional Data:

1. Bought equipment for cash, $8,600.
2. Paid $12,000 on the long-term note payable.
3. Issued new shares of stock for $22,000 cash.
4. Declared and paid a $3,400 cash dividend.
5. Other expenses included depreciation, $7,400; salaries and wages, $11,400; taxes, $4,400; utilities, $9,400.
6. 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.)