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 Balance Sheet at December 31 Cash Accounts Receivable Inventory Equipment Accumulated Depreciation-Equipment Total A Accounts Payable Salaries and Wages Payable Current Tear Previous Ta 30,600 36,000 20,900 42,000 38,900 134,500 109,000 (25,900) (31,900) $217,910 37,9 930 1,300 Mote Payable (long-ter 46,100 53,000 Cusnon Stock $4,000 73,500 Retained Earnings 30,000 Total Liabilities and Stockholders Equity 181,500 Income Statement Sales Revenue $129,000 Cost of Goods Sold Other Expenses 74,500 41,400 $ 13,100 Additional Data: a. Bought equipment for cash, $25,500 b. Paid $6,900 on the long-term note payable. c.Issued new shares of stock for $20,500 cash. d. No dividends were declared or paid. e. Other expenses included depreciation, $5,900; salaries and wages, $20,900, taxes, $6,900, utilities, $7,700 Accounts Payable includes only inventory purchases made on credit. Because there are no liability accounts relating to taxes or