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 Tour $ 3,300 700 Nalance sheet at December 31 Canh Accounts receivable Prepaid expenses Equipment Related depreciation 100 $4,000 500 50 0 0 $4,550 $1,100 0 1.000 2.450 54.550 350 (50) $ 4,400 5 350 300 1,000 2.750 5.4.400 Wagas payable Short-term not payable Common stock Betsised earnings Income Statement for Current Tear Service revne Depreciation expense Salaries expense Other speses e income $34.000 50 10,000 3,550 5 300 Additional Data a 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 d. 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. (List cash outflows as negative amounts.) 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.) 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 Cashows from financing activities