Sharp Screen Films, Inc., is developing its annual financial statements at December 31, 2015. The statements are complete except for the statement of cash flows. The completed comparative balance sheets and income statement are summarized as follows: SHARP SCREEN rILMS. INC Statement of Cash Flows For the Year Ended December 31. 2015 2015 2014 Balance sheet at December 31 Cash Accounts receivable Merchandise inventory Property and equipment Less: Accumulated depreciation $ 67,050 65,300 24,250 19,000 211,750153,400 17,650 24,250 Cash flows from oparating activities $ 44 860 (61,100) (46,850) erating actiMtcs Decrcasc in accounte recovablc Decrcase in wages payable $259,600 $215,100 $ 6,600 (500) Accounts payable Wages payable Note payable, long-term Contributed capital Retained earnings $11,200 4,200 62,100 101,400 80,700 21,600 4,700 73,900 66,800 48,100 6 100 50 050 et cash provided by operating activities Cash flows from investing actvities $259,600 $215,100 Income statement for 2015 Sales Cost of goods sold Depreciation expense Other expenses $204,000 101,000 4,250 43,900 Cash payments on long-term note Net income $ 44,850 Additional Data a. Bought equipment for cash, $58,350 b. Paid $11,800 on the long-term note payable c. Issued new shares of stock for $34.600 cash d. Dividends of $12,250 were declared and paid. e. Other expenses all relate to wages. f. Accounts payable includes only inventory purchases made on credit. et decrease in cash during the year ash belence, Jenuery 1, 2015 Required: 1. Prepare the statement of cash flows using the indirect method for the year ended December 31, 2015 (List cash outflows as negative amounts.)