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 Year				Prior Year
Balance Sheet at December 31
Cash	$	5,225			$	6,675
Accounts receivable		950				550
Prepaid expenses		350				75
Equipment		450				0
Accumulated depreciation		(75	)			0
	$	6,900			$	7,300
Wages payable	$	400			$	1,350
Short-term note payable		275				0
Common stock		2,000				2,000
Retained earnings		4,225				3,950
	$	6,900			$	7,300
Income Statement for Current Year
Service revenue	$	39,000
Depreciation expense		75
Salaries expense		32,500
Other expenses		6,150
Net income	$	275

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 current 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. (List cash outflows as negative amounts.)