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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

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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 $ 44,880 $ 14,000 Accounts Receivable 19,800 21,000 Inventory 22,800 28,000 Equipment 102,200 94.000 Accumulated Depreciation Equipment (33,300) 126.000) Total Assets $155,880 $131,000 Accounts Payable $ 20,200 $ 18,000 Salaries and Wages Payable 880 1.000 Bote payable (long-term) 28,000 40,000 Common Stock 76,000 52,000 retained Earnings 30,000 20,000 Total liabilities and stockholders' quity $155,880 $131,000 Income statement current year) sales Revenge $110,000 Cont of Goods Sold 70,000 Other Expensen 34,200 Set Income $ 13,800 Additional Data: a. Bought equipment for cash. $8,200. b. Paid $12.000 on the long-term note payable c. Issued new shares of stock for $24,000 cash, d. Declared and paid a $3,000 cash dividend. Other expenses included depreciation. 57,800 salaries and wages. $11,800; taxes, 54,800 utilities. $9.800. 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 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: 0 0 Cash Flows from Investing Activities: 0 Cash Flows from Financing Activities: 0

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