7 0.66 points eBook Print References Hunter 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 are summarized: Balance Sheet at December 31 Cash Accounts Receivable Inventory Equipment Accumulated Depreciation-Equipment Total Assets Accounts Payable Salaries and Wages Payable Notes Payable (long-term) Common Stock Retained Earnings Total Liabilities and Stockholders' Equity Income Statement (current year) Sales Revenue Cost of Goods Sold Other Expenses Net Incone Additional Data: a. Bought equipment for cash, $10,000. b. Paid $11,000 on the long-term notes payable. c. Issued new shares of stock for $25,000 cash. Current Year Prior Year $ 55,900 36,000 $ 23,000 39,000 122,000 39,000 46,000 112,000 (35,000) (42,000) $ 210,900 $185,000 $31,000 $27,000 700 1,000 47,000 95,000 37,200 5 210,900 $110,000 66,000 31,000 $13,000 58,000 70,000 29,000 $ 185,000 Check my work