Additional Data:

a$.$ Bought equipment for cash, $$48,900.$

b$.$ Paid $$14,700$ on the long$-$term note payable.

c$.$ Issued new shares of stock for $$38,050$ cash.

d$.$ Dividends of $$650$ were declared and paid.

e$.$ Other expenses all relate to wages.

$f.$ Accounts payable includes only inventory purchases made on credit.

Required:

Prepare the statement of cash flows using the direct method for the year ended December $31,$ current year.

Note: List cash outflows as neqative amounts.