Additional Data: a. Bought equipment for cash, $58,450. b. Paid $12,000 on the long-term note payable. c. Issued new shares of stock for $34,900 cash. d. Dividends of $12,050 were declared and paid. e. Other expenses all relate to wages. f. Accounts payable includes only inventory purchases made on credit. SHARP SCREEN FILMS, INCORPORATED Statement of Cash Flows For the Year Ended December 31, Current Year Cash flows from operating activities