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 Accounts receivable Prepaid expenses $ 5,225 $6,675 950 550 350 75 Equipment 450 e Accumulated depreciation (75) $ 6,900 $7,300 Wages payable Short-term note payable $400 275 $1,350 Common stock 2,000 2,000 Retained earnings 4,225 3,950 $6,900 $7,300 Income Statement for Current Year Service revenue Depreciation expense Salaries expense Other expenses 39,000 75 32,500 6,150 $275 Net income Additional Data: a Prepaid expenses relate to rent paid in advance b. Other expenses were paid in cash c Purchased equipment for $450 cash at the beginning of the cument year and recorded $75 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 $275 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. COMPUTER SERVICE AND REPAIR Statement of Cash Flows For the Year Ended December 31, Current Year Cash flows from operating activities: Adjustments to reconcile net income to net cash flow from operating activities: Cash flows from investing activities: Cash flows from financing activities: 0