COMPLETE THE PROBLEM!!!!

Computer Service and Repair was started five years ago by two college roommates. The companys comparative balance sheets and income statement are presented below, along with additional information.

Additional Data:

1. Prepaid expenses relate to rent paid in advance.
2. Other expenses were paid in cash.
3. 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.
4. At the end of the current year, the company signed a short-term note payable to the bank for $300.

Required:

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

Note: List cash outflows as negative amounts.

COMPLETE THE PROBLEM!!

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