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 3 Cash Accounts Receivable Inventory Equipment Accumulated Depreciation-Equipment Total Assets Accounts Payable Salaries and Wages Payable Note Payable (long-term) Common Stock Retained Earnings Total Liabilities and Stockholders' Equity Income Statement Sales Revenue Cost of Goods Sold Other Expenses Net Income $ 34,240 35,280 41,200 122,500 (30, 2e $282,940 $ 36,200 1,240 38,900 89, 209 37,480 $ 202,940 $ 29, 250 28,100 38, 189 101,eee (25, 180) $ 171,350 $ 27,100 1,450 45,000 72.789 25,100 $171.35 $121,800 70,500 38,200 S 12.300 Additional Data Additional Data: a. Bought equipment for cash, $21,500. b. Paid $6.100 on the long-term note payable. c. Issued new shares of stock for $16.500 cash. d. No dividends were declared or paid. e. Other expenses included depreciation, $5,100; salaries and wages, $20,100; taxes, $6.100; utilities. $6.900. f Accounts Payable includes only inventory purchases made on credit. Because there are no liability account other expenses, assume that these expenses were fully paid in cash. 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