MONTGOMERY INCORPORATED Comparative Balance Sheets \begin{tabular}{l|r|r|} \hline At December 31 & Current Year & Prior Year \\ \hline Assets & & \\ \hline Cash & $30,400 & $30,550 \\ \hline Accounts receivable, net & 10,050 & 12,150 \\ \hline Inventory & 90,100 & 70,150 \\ \hline Total current assets & 130,550 & 112,850 \\ \hline Equipment & 49,900 & 41,500 \\ \hline Accumulated depreciation-Equipment & (22,500) & (15,300) \\ \hline Total assets & $157,950 & $139,050 \\ \hline Liabilities and Equity & & \\ \hline Accounts payable & $23,900 & $25,400 \\ \hline Salaries payable & 500 & 600 \\ \hline Total current liabilities & 24,400 & 26,000 \\ \hline Equity & & \\ \hline Common stock, no par value & 110,000 & 100,000 \\ \hline Retained earnings & 23,550 & 13,050 \\ \hline Total liabilities and equity & $157,950 & $139,050 \\ \hline \end{tabular} MONTGOMERY INCORPORATED Income Statement For Current Year Ended December 31 \begin{tabular}{l|r} \hline Sales & $45,575 \\ \hline Cost of goods sold & 18,950 \\ \hline Gross profit & 26,625 \\ \hline Salaries expense & 5,550 \\ \hline Depreciation expense & 7,200 \\ \hline Income before taxes & 13,875 \\ \hline Income tax expense & 3,375 \\ \hline Net income & $10,500 \\ \hline \end{tabular} Additional Information on Current-Year Transactions a. No dividends are declared or paid. b. Issued additional stock for $10,000 cash. c. Purchased equipment for cash; no equipment was sold. Required: 1. Use the above information to prepare a statement of cash flows for the current year using the indirect method. [Use cells A4 to A13 from "Cash Flow items" tab and A3 to B36 from the ghven information ed by a minus sign.)