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Hunter Company is developing its annual financial statements atDecember 31. The statements are complete except for the statementof cash flows. The completed comparative balance sheets and incomestatement are summarized:

	Current Year			Prior Year
Balance Sheet at December 31
Cash	$	44,440		$	16,000
Accounts Receivable		23,400			25,000
Inventory		26,400			32,000
Equipment		106,600			98,000
Accumulated Depreciation—Equipment		(35,400	)		(28,000	)
Total Assets	$	165,440		$	143,000
Accounts Payable	$	22,600		$	20,000
Salaries and Wages Payable		840			1,000
Note Payable (long-term)		32,000			44,000
Common Stock		78,000			56,000
Retained Earnings		32,000			22,000
Total Liabilities and Stockholders’ Equity	$	165,440		$	143,000
Income Statement (current year)
Sales Revenue	$	114,000
Cost of Goods Sold		68,000
Other Expenses		32,600
Net Income	$	13,400

Additional Data:

1. Bought equipment for cash, $8,600.
2. Paid $12,000 on the long-term note payable.
3. Issued new shares of stock for $22,000 cash.
4. Declared and paid a $3,400 cash dividend.
5. Other expenses included depreciation, $7,400; salaries andwages, $11,400; taxes, $4,400; utilities, $9,400.
6. Accounts Payable includes only inventory purchases made oncredit. Because there are no liability accounts relating to taxesor other expenses, assume that these expenses were fully paid incash.

Required:
1. Prepare the statement of cash flows for the year endedDecember 31 using the indirect method. (Amounts to bededucted should be indicated with a minus sign.)