MONTGOMERY INCORPORATED At December 31 Assets Cash Accounts receivable; net Inventory Total current assets Equipment Accumulated depreciation-Equipment Total assets Liabilities and Equity Accounts payable Solarles payable Total current llabilities Equity Comion stock, no par value Retained earnings Totel Habilities and equity current Year Prion Year \begin{tabular}{rr} 564,000 & $64,600 \\ 18,700 & 23,100 \\ 167,600 & 133,500 \\ \hline 250,300 & 221,200 \\ 92,800 & 79,000 \\ (42,600) & (29,100) \\ \hline$301,100 & $271,100 \\ \hline 544,700 & $48,400 \\ 800 & 1,000 \\ \hline 45,500 & 49,400 \\ 216,400 & 199,900 \\ 39,200 & 21,800 \\ \hline$301,100 & $271,100 \\ \hline \end{tabular} MONTGOMERY INCORPORATED Income statement For Current Yeor Ended December 31 Soles cost of goods sold Gross profit Salarles expense Depreciotion expense 478,000(32,300)45,7009,70012,90053,100 Additionol Information on Current-Year Transactions a. No dividends are declared or paid. b. Issued additional stock for $16,500 cash c. Purchased equipment for cash; no equipment was sold 1. Use the above information to prepare a statement of cash flows for the current year using the indirect miethod. Note: Amounts to be deducted should be indicated by a minus sign. MONTGOMERY, INCORPORATED Statement of Cash Flows (Indirect Method) For Current Year Ended December 31 Cash flows from operating activities