Prepare the statement of cash flows for the hear ended December $31$

E12-18 (Static) Preparing a Statement Of Cash Flows (indirect Method) Computer Service and Repair Was staffed five years ago iWo college roommatesl 'The balance sheets and income statement are presented below, ing With additio aj 10 points Ciirren $ 3,3 eBook Hint References Balance Sheet at December 31 Cash Accounts receivable Prepaid expenses Equipment Accumulated depreciation Wages payable Shortterm note payable Common stock Retained earnings -Income Statement for Current Service revenue Depreciation expense Salaries expense Other expenses Net income Additional Data: Year 7 10 (5) 4,400 $ 350 3 l, 2P5 4, 40 34j 50 3, 3, 650 $ 3 Prior Veh $ 4,0 5 5 4 j 55 $ 1, l l, 21450 4; 550 Year a. Prepaid expenses relate to rent paid in advance. b Other expenses were paid in cash. c Purchased equipment for $350 cash at the beginning of the current year and recorde $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 ayab e toth ban o $300. Required: etho Prepare the statement of cash flows for the year ended December 31, current year;' usin the indire Note: List cash outflows as negative amounts. COMPUTER SERVICE AND REPAIR Statement of Cash Flows For the Year Ended December 31, Curre t Year Cash flows from o eratin activities: Adjustments to reconcile net income to net cash flow from o eratin activities: Cash flows from investin activities: Cash flows from financin activities: