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please help! MONTGOMERY INCORPORATED Comparative Balance Sheets At December 31 Current Year Prior Year Assets Cash Accounts receivable, net Inventory Total current assets Equipment begin{tabular}{rr}
please help! MONTGOMERY INCORPORATED Comparative Balance Sheets At December 31 Current Year Prior Year Assets Cash Accounts receivable, net Inventory Total current assets Equipment \begin{tabular}{rr} $34,500 & $34,900 \\ 10,000 & 12,400 \\ 89,600 & 71,700 \\ \hline 134,100 & 119,000 \\ 49,600 & 42,400 \end{tabular} Accumulated depreciation-Equipment Total assets \begin{tabular}{rr} (22,400) & (15,600) \\ \hline$161,300 & $145,800 \\ \hline \end{tabular} Liabilities and Equity Accounts payable Salaries payable Total current liabilities \begin{tabular}{rr} $23,800 & $25,900 \\ 400 & 500 \\ \hline 24,200 & 26,400 \end{tabular} Equity Common stock, no par value Retained earnings Total 1iabilities and equity \begin{tabular}{rr} 117,100 & 108,500 \\ 20,000 & 10,900 \\ \hline$161,300 & $145,800 \end{tabular} MONTGOMERY INCORPORNTED Income statement For Current Year Ended December 31 Sales $39,600 Cost of goods sold Gross profit Salaries expense Depreciation expense Incone before taxes Income tax expenfe Additional Information on Current-Year Transactions a. No dividends are declared or paid. b. Issued additional stock for $8,600 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.)
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