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 Assets Accounts Payable Salaries and Wages Payable Notes Payable (long-term) Common Stock Retained Earnings Current Year Previous Year $ 34, 720 $ 29, 750 35, 600 28, 300 41, 600 125, 500 (30,600) $ 206,820 $ 36,600 1, 320 40, 700 38, 300 103,000 (25, 300) $ 174, 050 $ 27,300 1, 550 47,000 72, 900 25, 300 90, 400 37, 800 Total Liabilities and Stockholders' Equity $ 206, 820 $ 174, 050 Income Statement Service Revenue Cost of Goods Sold Other Expenses Net Income $ 123,000 71, 500 39,000 $ 12,500 Additional Data: a. Bought equipment for cash, $22,500. b. Paid $6,300 on the long-term notes payable. c. Issued new shares of stock for $17,500 cash. d. No dividends were declared or paid. e. Other expenses included depreciation, $5,300; salaries and wages, $20,300; taxes, $6,300; utilities, $7,100. 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. (Amounts to be deducted