XS Supply Company is developing its annual financlal 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 Additional Data: 2. Bought equipment for cash, $16,500. b. Paid $5,100 on the long-term note payable. c. Issued new shares of stock for $11,500 cash. d. No dlvidends were declared or paid e. Other expenses included depreciation, \$4,100; salaties and wages, \$19,100; taxes, $5,100; utilitles, $5,900. 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 1. Prepare the statement of cash fiows for the current year ended December 31 using the indirect method. (Amounts to be deducted Required: should be indicoted with a minus sign.) For the Year Ended December 31 Cash Flows from Operating Activities Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activites