Computer Service and Repair was started five years ago by two college roommates. The company$$s comparative balance sheets and income statement are presented below, along with additional information.

Current Year Prior Year

Balance Sheet at December $31$

Cash $ $11,000$ $ $14,700$

Accounts receivable $1,700700$

Prepaid expenses $1,100150$

Equipment $7500$

Accumulated depreciation $(150)0$

$ $14,400$ $ $15,550$

Wages payable $ $550$ $ $2,100$

Short$-$term note payable $2000$

Common stock $5,0005,000$

Retained earnings $8,6508,450$

$ $14,400$ $ $15,550$

Income Statement for Current Year

Service revenue $ $54,000$

Depreciation expense $150$

Salaries expense $40,000$

Other expenses $13,650$

Net income $ $200$

Additional Data:

Prepaid expenses relate to rent paid in advance.

Other expenses were paid in cash.

Purchased equipment for $$750$ cash at the beginning of the current year and recorded $$150$ of depreciation expense at the end of the current year.

At the end of the current year, the company signed a short$-$term note payable to the bank for $$200.$

Required:

Prepare the statement of cash flows for the year ended December $31,$ current year, using the indirect method.

Note: List cash outflows as negative amounts.