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Hunter Company is developing its annual financial statements at December 31, 2015. The statements are complete except for the statement of cash flows. The completed

Hunter Company is developing its annual financial statements at December 31, 2015. The statements are complete except for the statement of cash flows. The completed comparative balance sheets and income statement are summarized:

2015 2014
Balance Sheet at December 31
Cash $ 52,320 $ 22,000
Accounts Receivable 34,200 37,000
Inventory 37,200 44,000
Equipment 119,800 110,000
Accumulated DepreciationEquipment (40,800 ) (34,000 )
$ 202,720 $ 179,000
Accounts Payable $ 29,800 $ 26,000
Salaries and Wages Payable 720 1,000
Note Payable (long-term) 44,000 56,000
Common Stock 92,000 68,000
Retained Earnings 36,200 28,000
$ 202,720 $ 179,000
Income Statement for 2015
Sales Revenue $ 108,000
Cost of Goods Sold 65,000
Other Expenses 30,200
Net Income $ 12,800

Additional Data:
a. Bought equipment for cash, $9,800.
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 $4,600 cash dividend.
e.

Other expenses included depreciation, $6,800; salaries and wages, $10,800; taxes, $3,800; utilities, $8,800.

f.

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, 2015, using the indirect method. (Amounts to be deducted should be indicated with a minus sign.)

Required:
1.

Prepare the statement of cash flows for the year ended December 31, 2015, using the indirect method. (Amounts to be deducted should be indicated with a minus sign.)

Cash flow from operating activites: ?

Adjustments to Reconcile Net income to Net Cash Provided by Operating Activities: ?

Cash flows from investing Activities: ?

Cash Flows from Financing Activities: ?

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