3. 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 $ 3,250 700 100 350 $ 4,000 500 50 S 4,350 4,550 Wages payable Short-term note paya Common stock Retained earnings $ 35010 S1,100 250 1,000 ble 1,000 2.75050 2.450 135 Income Statement for Current Year Service revenue Depreciation expense $34,000 50 30,000 Salaries expense Other expenses Net income $ 300 Additional Data: 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 recorded $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 payable to the bank for 5250 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.)