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 ore summarized Current Year Previous Year Balance Sheet at December 31 Cash Accounts Receivable Inventory Equipment Accumulated Depreciation Equipment Total Assets Accounts Payable Salaries and wages Payable Notes Payable (long tera) Common Stock Retained Earnings Total Liabilities and Stockholders' Equity Income Statement Service Revenue Cost of Goods Sold other expenses Not Income $ 32,010 23,000 39,000 112,000 (2500) $189.610 $ 34,000 1,210 12.600 B5,000 36.000 $109.610 $ 27,750 27,400 37,400 940,000 (24400) 162,150 $ 26,400 1,150 38.000 72,000 24,400 5 162, 150 $ 114,000 67,000 35,00 $ 11,600 Additional Data: a. Bought equipment for cash. $18.000 b. Paid 55,400 on the long-term notes payable c Issued new shares of stock for $13,000 cash d. No dividends were declared or paid e Other expenses included depreciation S4 400; salaries and wages $19.400, taxes $5 400, utilities 56 200 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 should be indicated with a minus sign.)