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	$	67,350			$	65,900
Accounts receivable		18,550				25,350
Merchandise inventory		25,350				20,000
Property and equipment		213,150				152,900
Less: Accumulated depreciation		(62,400	)			(47,350	)
	$	262,000			$	216,800
Accounts payable	$	12,400			$	22,700
Wages payable		4,800				5,200
Note payable, long-term		62,600				75,800
Contributed capital		102,800				67,300
Retained earnings		79,400				45,800
	$	262,000			$	216,800
Income statement for 2015
Sales	$	209,000
Cost of goods sold		106,000
Depreciation expense		15,050
Other expenses		44,400
Net income	$	43,550

Additional Data:
a.	Bought equipment for cash, $60,250.
b.	Paid $13,200 on the long-term note payable.
c.	Issued new shares of stock for $35,500 cash.
d.	Dividends of $9,950 were declared and paid.
e.	Other expenses all relate to wages.
f.	Accounts payable includes only inventory purchases made on credit.

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 Cash flows from investing activities: Cash fows from financing activities s