Prepare the statement of cash flows for the current year ended December 31 using the indirect method (amounts to be deducted should be indicated with a minus sign)

XS Supply 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: Current Year Previous Balance Sheet at December 31 Cash Accounts Receivable Inventory Equipment Accumulated Depreciation Equipment $ 33,72028,700 27,800 37,800 98,000 34,600 40,600 118,000 (29,600)(24,800) $197,320 167,500 Accounts Payable Salaries and Wages Payable Note Payable (long-term) Common Stock Retained Earnings s 35,600 26,800 1.500 42,000 72,400 36,80024.800 1,320 36.200 87,400 S197 320 $167.500 Income Statement Sales Revenue Cost of Goods Sold Other Expenses $118,000 69.000 37000 Net Income s 12,000 Additional Data a Bought equipment for cash, $20. 000 b Paid 35,800 on the long-term hote payable . Issued new shares of stock for $15 000 cash No dividends were declared or pald e. Other expenses included depreciation $a 800, Salaries a f Accounts Payable includes only inventory purchases made on credit Because there are no liability nd svages $1 9.800 taxes, $5,800: utilities $6.600 taxes or other expenses assume that these expenses were fully paid in cash ac