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37 c. Purchased equipment for cash; no equipment was sold. Required: 1. Use the above information to prepare a statement of cash flows for the current year using the indirect method. (Use cells A4 to A13 from "Cash Flow ltems" tab and A3 to 836 from the given information to complete this question. 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 Cash flows from operating activities Net income Adjustments to reconcile net income to net cash used in operating activities: Income statement items not affecting cash Depreciation expense Changes in current operating assets and liabilities Cash flows from investing activities Cash flows from financing activities Cash balance at beginning of year Cash balance at end of year