MONTGOMERY INCORPORATED Comparative Balance Sheets AtDecember31AssetsCashAccountsreceivable,netInventoryTotalcurrentassetsEquipmentAccumulateddepreciation-EquipmentTotalassetsLiabilitiesandEquityAccountspayableSalariespayableTotalcurrentliabilitiesEquityCommonstock,noparvalueRetainedearningsTotalliabilitiesandequityCurrentYear$57,80014,300128,200200,30071,000(32,100)$239,200$34,20060034,800172,90031,500$239,200PriorYear$57,90017,600101,700177,20060,200(22,200)$215,200$36,90080037,700160,10017,400$215,200 MONTGOMERY INCORPORATED Income Statement For Current Year Ended December 31 \begin{tabular}{lr} Sales & $61,800 \\ Cost of goods sold & (25,600) \\ Gross profit & 36,200 \\ Salaries expense & 7,700 \\ Depreciation expense & 9,900 \\ \hline Income before taxes & 18,600 \\ Income tax expense & 4,500 \\ Net income & $14,100 \\ \end{tabular} Additional Information on Current-Year Transactions a. No dividends are declared or paid. b. Issued additional stock for $12,800 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 method. (Amounts to be deducted should be indicated by a minus sign.)