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 $ $4,455$ $ $5,605$

Accounts receivable $850530$

Prepaid expenses $25065$

Equipment $4100$

Accumulated depreciation $(65)0$

$ $5,900$ $ $6,200$

Wages payable $ $380$ $ $1,250$

Short$-$term note payable $2850$

Common stock $1,6001,600$

Retained earnings $3,6353,350$

$ $5,900$ $ $6,200$

Income Statement for Current Year

Service revenue $ $37,000$

Depreciation expense $65$

Salaries expense $31,500$

Other expenses $5,150$

Net income $ $285$

Additional Data:

Prepaid expenses relate to rent paid in advance.

Other expenses were paid in cash.

Purchased equipment for $$410$ cash at the beginning of the current year and recorded $$65$ 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 $$285.$

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.