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Computer Service and Repair was started five years ago by two college roommates. The company's comporative balance sheets and income statement are presented below, along

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Computer Service and Repair was started five years ago by two college roommates. The company's comporative balance sheets and income statement are presented below, along with additional information. Additional Data: a. Prepaid expenses relate to tent paid in advance. b. Other expenses were paid in cash. c. Purchased equipment for $650 cash at the beginning of the current year and recorded $125 of depreciation experise 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 $225. Required: Prepare the statement of cash flows for the year endod December 31, current year, using the indirect method Note: List cash outflows as negative amounts. of the current year. d. At the end of the current year, the company signed a short-term note payable to the bank for $225. Required: Prepare the statement of cash flows for the year ended December 31, current year, using the indirect method Note: List cash outflows as neoative amounts

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