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Please complete Hunter Company is developing its annual financial statements at December 31. The statements are complete except for the statement of cash flows, The
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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: Additional Dota: a. Bought equipment for cash, $8,600 b. Paid $12.000 on the long-term notes payable. c. Issued new shares of stock for $22,000 cash. a. Declared and paid a $3,400 cash dividend. e. Other expenses included depreciation, $7,400; salaries and wages, $11,400; taxes, $4,400; utilites, $9,400. f. Accounts Payoble includes only inventory purchases mede on credit. Because there are no liability accounts relating to taxes or other expenses, assume that these expenses were fully poid in cash. Required: 1. 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.) Required: 1. Prepare the statement of cash flows for the year ended December 31 using the indirect method. (Amounts to be indicated with a minus sign.) Step by Step Solution
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