Sharp Screen Filns, incovporied, is developing its annual financlai ntatements at December 3t curreat year. The statements are complele except for the statement of cash fows. The completed comporative bolasce sheets and incame statement are summarized as folows. Additional Dote 0. Bought equipment for cash, 558,950 b. Paid 510.900 on the long term note poysbie c. assued new shores of stock for 533.400 cash d. Dividends of 513,950 were declared and paid e. Other expenses all reiste to wages. f Accounts payable inclodes only inventery purchases made on credt. Required: 1. Prepore the statement of cash flows using the indirect method for the yeat ended December 3t, currect year Note: Lht cash outflows as negattve amounts Sharp Screen Filns, incovporied, is developing its annual financlai ntatements at December 3t curreat year. The statements are complele except for the statement of cash fows. The completed comporative bolasce sheets and incame statement are summarized as folows. Additional Dote 0. Bought equipment for cash, 558,950 b. Paid 510.900 on the long term note poysbie c. assued new shores of stock for 533.400 cash d. Dividends of 513,950 were declared and paid e. Other expenses all reiste to wages. f Accounts payable inclodes only inventery purchases made on credt. Required: 1. Prepore the statement of cash flows using the indirect method for the yeat ended December 3t, currect year Note: Lht cash outflows as negattve amounts