Question: Computer Service and Repair was started five years ago by two college roommates. The company's comporative balance sheets and income statement are presented below, along

 Computer Service and Repair was started five years ago by two
college roommates. The company's comporative balance sheets and income statement are presented

Computer Service and Repair was started five years ago by two college roommates. The company's comporative balance sheets and income statement are presented below, along with additional information. Additional Data: a. Prepaid expenses relate to tent paid in advance. b. Other expenses were paid in cash. c. Purchased equipment for $650 cash at the beginning of the current year and recorded $125 of depreciation experise 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 $225. Required: Prepare the statement of cash flows for the year endod December 31, current year, using the indirect method Note: List cash outflows as negative amounts. of the current year. d. At the end of the current year, the company signed a short-term note payable to the bank for $225. Required: Prepare the statement of cash flows for the year ended December 31, current year, using the indirect method Note: List cash outflows as neoative amounts

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