statement of cash flows. The completed comparative balance sheets and income statement are summarized below: Additional Data: a. Bought equipment for cash, $70,000. b. Paid $13,500 on the long-term notes payable c. Issued new shares of stock for $27,000 cash. d. Dividends of $4,700 were paid in cash. e. Other expenses included depreciation, $13,500; salaries and wages, $18,500; taxes, $23,500. f. Accounts Payable includes only inventory purchases made on credit. Because a liability relating to taxes co Required: 1. Prepare the statement of cash flows for the current year ended December 31 using the indirect method. (Amounts to be deducted should be indicated by a minus sign.)