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 $ 44,380 $ 33,200 38,750 30,600 52,700 45,600 132,250 122,000 (36,500) (30,500) $231,580 $200,900 $ 52,150 2,020 $ 36,400 2,450 38,600 53,300 101,200 78,100 37,610 30,650 $231,580 $200,900 $125,500 72,790 45,750 $ 6,960