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 Year Balance Sheet at December 31 Cash Accounts receivable Prepaid expenses Equipment S 7,870 $10.420 620 1,300 700 590 $10,350 11,150 470 S 1,700 Wages payable Short-term note payable Common stock 190 3.400 6,290 3.400 6,050 150 Retained earnings Income Statement for Current Year Service revenue Depreciation expense Salaries expense Other expenses $46,000 36,000 S 240 Net income Additional Data: a. Prepaid expenses relate to rent paid in advance. b. Other expenses were paid in cash. c. Purchased equipment for $590 cash at the beginning of the current year and recorded $110 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 $190. 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.) Statement of Cash Flows For the Year Ended Dece Cash flows from operating activities: Adjustments to reconcile net income to net cash provi activities: investing activities: ing activities