Computer Service and Repair was started five years ago by two college Tooma information s The company's comparative balance sheets and income statement are presented below along with addition Balance Sheet at December 31 $ 8,255 1,350 $10.955 Accounts receivable Prepaid expenses Equipment Accmulated depreciation (15) $10.850 11.700 1.750 S Wages payable Short-term note payable Common stock Retained earnings 3.600 6.585 $10.850 6350 $11.700 $47.000 Income Statement for Current Year Service revenue Depreciation expense Salanes expense Other expenses Net income 35,500 10 150 $ 235 Additional Data a Prepaid expenses relate to rent paid in advance b. Other expenses were paid in cash. c. Purchased equipment for 5610 cash at the beginning of the current year and recorded $115 of depreciation expense at the end of the current year d. At the end of the current year, the company signed a short term note payable to the bank for 10 Required: Prepare the statement of cash flows for the year ended December 31, current year, using the indirect method (List cash outflows as negative amounts.) Required: Prepare the statement of cash flows for the year ended December 31, current year, using the indirect method. (List cash outflows as negative amounts.) COMPUTER SERVICE AND REPAIR Statement of Cash Flows For the Year Ended December 31, Current Year Cash flows from operating activities Net income Adjustments to reconcile net income to net cash provided by operating activities Depreciation Cash flows from investing activitie Cash flows from financing activities