Sharp Screen Films, Inc., is developing its annual financial statements at December 31, 2015. The statements are complete except for the statement of cash flows. The completed comparative balance sheets and income statement are summarized as follows: 2015 2014 Balance sheet at December 31 Cash Accounts receivable Merchandise inventory Property and equipment Less: Accumulated depreciation $ 66,950 $66,000 18,450 25,150 25,150 19,600 212,850 152,800 Accounts payable Wages payable Note payable, long-term Contributed capital Retained earnings (62,000) (47,250) $ 261,400 $216,300 $ 12,200 $ 22,400 4,700 62,500 5,300 75,500 102,500 67,200 Income statement for 2015 Sales Cost of goods sold Depreciation expense Other expenses Net income 79,500 45,900 $261,400 $216,300 $208,000 105,000 14,750 44,300 $ 43,950 Additional Data: a. Bought equipment for cash, $60,050. b. Paid $13,000 on the long-term note payable. c. Issued new shares of stock for $35,300 cash. d. Dividends of $10,350 were declared and paid. e. Other expenses all relate to wages. f. Accounts payable includes only inventory purchases made on credit. Required: 1. Prepare the statement of cash flows using the indirect method for the year ended December 31, 2015. (List cash outflows as negative amounts.) Required: 1. Prepare the statement of cash flows using the indirect method for the year ended December 31, 2015. (List cash outflows as negative amounts.) SHARP SCREEN FILMS, INC. Statement of Cash Flows For the Year Ended December 31, 2015 Cash flows from operating activities: Adjustments to reconcile net income to net cash provided by operating activities: 0 0 Cash flows from investing activities: Cash flows from financing activities: 0 0 $ 0