Additional Information on Current$-$Year Transactions

a$.$ No dividends are declared or paid.

b$.$ Issued additional stock for $$16,500$ cash.

c$.$ Purchased equipment for cash; no equipment was sold.

Use the above information to prepare a statement of cash flows for the current year using the Indirect method.

Note: Amounts to be deducted should be Indicated by a minus sign.

MONTGOMERY, INCORPORATED

Statement of Cash Flows $($Indirect Method$)$

For Current Year Ended December $31$