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	$ 52,030	$ 21,500
Accounts Receivable	33,300	36,000
Inventory	36,300	43,000
Equipment	118,700	109,000
Accumulated DepreciationEquipment	(40,200)	(33,500)
Total Assets	$ 200,130	$ 176,000
Accounts Payable	$ 29,200	$ 25,500
Salaries and Wages Payable	730	1,000
Notes Payable (long-term)	44,000	55,000
Common Stock	90,500	67,000
Retained Earnings	35,700	27,500
Total Liabilities and Stockholders Equity	$ 200,130	$ 176,000
Income Statement (current year)
Sales Revenue	$ 107,000
Cost of Goods Sold	64,500
Other Expenses	29,800
Net Income	$ 12,700

Additional Data:

1. Bought equipment for cash, $9,700.
2. Paid $11,000 on the long-term notes payable.
3. Issued new shares of stock for $23,500 cash.
4. Declared and paid a $4,500 cash dividend.
5. Other expenses included depreciation, $6,700; salaries and wages, $10,700; taxes, $3,700; utilities, $8,700.
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.

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.)