Computer Service and Repair was started five years ago by two college roommates. The companys comparative balance sheets and income statement are presented below, along with additional information. Current YearPrior YearBalance Sheet at December $31$ Cash$ $3,300$$ $4,000$Accounts receivable$700500$Prepaid expenses$10050$Equipment$3500$Accumulated depreciation$(50)0$ $ $4,400$$ $4,550$Wages payable$ $350$$ $1,100$Short$-$term note payable$3000$Common stock$1,0001,000$Retained earnings$2,7502,450$ $ $4,400$$ $4,550$Income Statement for Current Year Service revenue$ $34,000$ Depreciation expense$50$ Salaries expense$30,000$ Other expenses$3,650$ Net income$ $300$ Additional Data:Prepaid expenses relate to rent paid in advance.Other expenses were paid in cash.Purchased equipment for $$350$ cash at the beginning of the current year and recorded $$50$ 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 $$300.$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.