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 Year
Balance Sheet at December 31
Cash		$	34,960				$	30,000
Accounts Receivable			35,800					28,400
Inventory			41,800					38,400
Equipment			127,000					104,000
Accumulated DepreciationEquipment			(30,800	)				(25,400	)
		$	208,760				$	175,400
Accounts Payable		$	36,800				$	27,400
Salaries and Wages Payable			1,360					1,600
Note Payable (long-term)			41,600					48,000
Common Stock			91,000					73,000
Retained Earnings			38,000					25,400
		$	208,760				$	175,400
Income Statement
Sales Revenue		$	124,000
Cost of Goods Sold			72,000
Other Expenses			39,400
Net Income		$	12,600

Additional Data:
a.	Bought equipment for cash, $23,000.
b.	Paid $6,400 on the long-term note payable.
c.	Issued new shares of stock for $18,000 cash.
d.	No dividends were declared or paid.
e.	Other expenses included depreciation, $5,400; Salaries and wages, $20,400; taxes, $6,400; utilities, $7,200.
f.	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 current year ended December 31 using the indirect method

XS SUPPLY 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: Cash Flows from Investing Activities: Cash Flows from Financing Activities