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Saved Help 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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Saved Help 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: Current Year Prior Yee Balance Sheet at December 31 Cash Accounts Receivable Inventory Equipment Accumulated Depreciation Equipment Total Assets Accounts Payable Salaries and Wages Payable Note Payable long tera) Common Stock Retained Earnings Total Liabilities and Stockholders' Equity Income Statement (current year) Sales Revenue Cost of Goods Sold Other Expenses Net Income $4,500 78,300 31.800 113,200 (37.2002 $151, 1150 $26,200 780 38.000 83,000 33,200 $181,180 $ 19,00 31,900 38,000 104.000 (31.000) $161.000 $ 23,000 1,000 50,000 62,000 25,000 $161.000 $102,000 62.000 22.300 $ 12,200 Additional Dota: Additional Dota: a, Bought equipment for cash, $9.200, b. Paid $12,000 on the long term note payable c.Issued new shares of stock for $21,000 cash. d. Declared and paid a $4,000 cash dividend. e. Other expenses included depreciation, $6,200, salaries and wages, $10.200; taxes, $3,200.ities, $8.200 Accounts Payable includes only inventory purchases made on credit. Because there are no liability accounts relating to taxes or other expenses, assume that these expenses were fully paid in cash Required: 1. Prepare the statement of cash flows for the year ended December 31 using the Indirec method. (Amounts to be deducted should be indicated with a minus sign.) HUNTER COMPANY Statement of Cash Flows For the Year Ended December 31 Cash Flows from Operating Activities Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities 0 0 Cash Flows from Investing Activities 0 Cash Flows from Financing Activities 0 $ 0

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