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.

	Current Year	Prior Year
Balance Sheet at December 31
Cash	$ 5,225	$ 6,675
Accounts receivable	950	550
Prepaid expenses	350	75
Equipment	450	0
Accumulated depreciation	(75)	0
	$ 6,900	$ 7,300
Wages payable	$ 400	$ 1,350
Short-term note payable	275	0
Common stock	2,000	2,000
Retained earnings	4,225	3,950
	$ 6,900	$ 7,300
Income Statement for Current Year
Service revenue	$ 39,000
Depreciation expense	75
Salaries expense	32,500
Other expenses	6,150
Net income	$ 275

Additional Data:

1. Prepaid expenses relate to rent paid in advance.
2. Other expenses were paid in cash.
3. Purchased equipment for $450 cash at the beginning of the current year and recorded $75 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 $275.

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.