a$.$ Bought equipment for cash, $$26,000.$

b$.$ Paid $$7,000$ on the long$-$term notes payable.

c$.$ Issued new shares of stock for $$21,000$ cash.

d$.$ No dividends were declared or paid.

e$.$ Other expenses included depreciation, $$6,000$; salaries and wages, $$21,000$; taxes, $$7,000$; utilities, $$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 paid in cash.

Required:

Prepare the statement of cash flows for the current year ended December $31$ using the indirect method. $($Amounts to be deducted

should be indicated with a minus sign.$)$