XS Supply Company is developing Its annual financlal statements at December $31,$ current year. The statements are complete except for the statement of cash flows. The completed comparative balance sheets and income statement are summarized below:

$\backslash$table$[[,$Current Year,Prior Year$],[$Balance sheet at December $31],[$Cash$,$$$34,\backslash$theta $\backslash$theta $\backslash$theta $,$$$29,\backslash$theta $\backslash$theta $\backslash$theta $],[$Accounts receivable,$35,\backslash$theta o$+,28,\backslash$theta o$+\backslash$theta $],[$Merchandise inventory,$41,,38,00],[$Property and equipment,$121,\backslash$theta $\backslash$theta $\backslash$theta $,10\backslash$theta $,\backslash$theta $\backslash$theta $\backslash$theta $],[$Less: Accumulated depreciation,$(3\backslash$theta $,\backslash$theta $\backslash$theta $\backslash$theta $),(25,00\backslash$theta $)],[$$$2\backslash$theta $1,\backslash$theta $\backslash$theta $\backslash$theta $,$$$170,\backslash$theta $\backslash$theta $\backslash$theta $],[$Accounts payable,$$36,9\backslash$theta $\backslash$theta $,$$$27,9\backslash$theta $\backslash$theta $],[$Wages payable,$1,20\backslash$theta $,1,400],[$Note payable, long$-$term,$38,\backslash$theta o$+\backslash$theta $,44,\backslash$theta o$+\backslash$theta $],[$Common stock and additional paid$-$in capital,$88,600,72,600],[$Retained earnings,$37,200,25,\backslash$theta o$+\backslash$theta $],[$$$2\backslash$theta $1,\backslash$theta $\backslash$theta $\backslash$theta $,$$$170,\backslash$theta $\backslash$theta $\backslash$theta $],[$Income statement for current year$],[$Sales$,$$$12\backslash$theta $,\backslash$theta $\backslash$theta $\backslash$theta $,],[$Gain on sale of equipment,$1,\backslash$theta $\backslash$theta $,],[$Cost of goods sold,$70,00\backslash$theta $,],[$Other expenses,$38,800,],[$Net income,$$12,20\backslash$theta $,]]$

Additional data.

a$.$ Bought equipment for cash, $$31,000.$ Sold equipment with original cost of $$10,000,$ accumulated depreclation of $$7,000,$ for $$4,000$ cash.

b$.$ Pald $$6,000$ on the long$-$term note payable.

c$.$ Issued new shares of stock for $$16,000$ cash.

d$.$ No dividends were declared or pald.

e$.$ Other expenses Included depreclation, $$12,000$; wages, $$13,000$; taxes, $$6,000$; and other, $$7,800.$

$f.$ 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 pald in cash.

Required:

Prepare the statement of cash flows for the year ended December $31,$ current year, using the Indirect method.

Note: Llst cash outflows as negatlve amounts.