BGP Electrical Supply is developing its annual financial statements at December current year. The statements are complete except for the statement of cash flows. The completed comparative balance sheets and income statement are summarized: Current Year Prior Year Balance sheet at December Cash$ $ Accounts receivableMerchandise inventoryProperty and equipmentLess: Accumulated depreciation $ $ Accounts payable$ $ Accrued wages expenseNote payable, longtermCommon stock and additional paidin capitalRetained earnings $ $ Income statement for current year Sales$ Cost of goods sold Other expenses Net income$ Additional Data: Bought equipment for cash, $Paid $ on the longterm note payable. Issued new shares of stock for $ cash. No dividends were declared or paid. Other expenses included depreciation, $; wages, $; taxes, $; other, $Accounts payable includes only inventory purchases made on credit. Because there are no liability accounts relating to taxes or other expenses, assume that these expenses were fully paid in cash.

Required: Prepare the statement of cash flows for the year ended December  current year, using the indirect method. Note: List cash outflows as negative amounts.