EGP Eectrical Supply is deveisping its annazl financial statements at December $3$t$.$ current year. The statements are complete except

for the statement of cash flows. The completed comporative balance sheets and income statement are summarized:

Addeuna Dats

o Dought equipment for cash $$22\mathrm{.}900$

b$.$ Paid $$7100$ on the long$-$torm note payaie

c$.$ lissued new shaves of arock for $$20000$cash

d$.$ No dividends were declared or paid.

if Accounts payable includes only invertary purchases mase on credt. Arcause there are no liabilty accounts relating to taxes or

other expenses, assume that these expendes were tully pad in eash.

Required:

Prepare the statement of cash tiows for the year ensed December $31,$ current year, using the indirect method

Note: List cash outflews as nepatlve amounts.