Question

HUNTER COMPANY
Statement of Cash Flows
For the Year Ended December 31, 2015
Cash Flows from Operating Activities:
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:
Cash Flows from Investing Activities:
Cash Flows from Financing Activities:

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Hunter Company is developing its annual financial statements at December 31, 2015. The statements are complete except for the statement of cash flows. The completed comparative balance sheets and income statement are summarized:

	2015			2014
Balance Sheet at December 31
Cash	$	51,740		$	21,000
Accounts Receivable		32,400			35,000
Inventory		35,400			42,000
Equipment		117,600			108,000
Accumulated Depreciation—Equipment		(39,600	)		(33,000	)
	$	197,540		$	173,000
Accounts Payable	$	28,600		$	25,000
Salaries and Wages Payable		740			1,000
Note Payable (long-term)		44,000			54,000
Common Stock		89,000			66,000
Retained Earnings		35,200			27,000
	$	197,540		$	173,000
Income Statement for 2015
Sales Revenue	$	106,000
Cost of Goods Sold		64,000
Other Expenses		29,400
Net Income	$	12,600

Additional Data:
a.	Bought equipment for cash, $9,600.
b.	Paid $10,000 on the long-term note payable.
c.	Issued new shares of stock for $23,000 cash.
d.	Declared and paid a $4,400 cash dividend.
e.	Other expenses included depreciation, $6,600; salaries and wages, $10,600; taxes, $3,600; utilities, $8,600.
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 year ended December 31, 2015, using the indirect method. (Amounts to be deducted should be indicated with a minus sign.)