Additional Information on Current$-$Year Transactions Additional Information on Current$-$Year Transactions

a$.$ No dividends are declared or paid.

b$.$ Issued additional stock for $$18,000$ 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. $\backslash$table$[[$MONTGOMERY$,$ INCORPORATED$],[$Statement of Cash Flows $($Indirect Method$)],[$For Current Year Ended December $31],[$Cash flows from operating activities$],[?,,],[$Adjustments to reconcile net income to net cash used in operating activities:$],[$Income statement items not affecting cash$],[?,,],[?,,],[$Changes in current operating assets and liabilities$],[?,,],[$P$,,],[$P$,,],[$P$,,],[?,,],[?,,],[?,$$$,$$$0]]\backslash$table$[[$Cash flows from investing activities,,$],[,,],[,,]]\backslash$table$[[$Cash flows from financing activities$],[?,,],[?,,],[?,$$$,0],[?,$$$,0],[$Cash balance at beginning of year,,$],[$Cash balance at end of year,$$,0]]$