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 summarted Dalance Sheet at December 31 Core Previous Year Cash Accounts Receivable $3,500 138,35 1,400 22.700 Inventory 40.400 39.00 116,500 7.000 Accumulated Depreciation went 29.400) 24,700) Tatal Assets 3153,450 316.250 Accounts Payable $135.400 126, Salaries and was able 1. 1.550 Hotel cong tera) 35.50 41. Common Stock 3. 22. tained tarnings 30, Total ties and stockholders Equity $195,00 5366,254 To start Sales New $117, Cost of Sold . Other . Inc $ 11,00 24700 Additional Data a Bovon quent for cast 1.500 Paid $5.700 in the long enote payable Issued new shares of Mock for 514 500 cash No dividends were declaredo Other expenses included depreciation 700 aries and wages $19,700 5.700 6.500 Abs Paylines only to purchases made on create there are now acting to 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 should be indicated with a minus sign.) 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 Changes in current assets and current liabilities 0 0 Cash Flows from Investing Activities 0 Cash Flows from Financing Activities