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 Merchandise Inventory Property and Equipment Less: Accumulated Depreciation Accounts Payable Wages Payable Note Payable, Long-Term Contributed Capital Retained Earnings Income Statement (Current year) Sales Cost of Goods Sold Other Expenses Net Income Current Year Prior Year $ 43,485 $ 31,200 40,500 29,700 46,150 43,100 145,750 124,000 (38,100) (31,000) $237,785 $197,000 $ 42,700 1,305 $ 32,900 1,800 42,900 53,400 99,000 78,600 51,880 30,300 $237,785 $197,000 $164,000 95,120 47,300 $ 21,580