Sharp Screen Films, Incorporated, is developing its annual financial statements at December $31,$ current year. The statements are complete except for the statement of cash flows. The completed comparative balance sheets and income statement are summarized as follows:

$\backslash$table$[[,$Current Year Prior Year,$],[$Balance sheet at December $31,,],[$Cash$,67,250,$$$66,400],[$Accounts receivable,$20,050,26,050],[$Merchandise inventory,$26,050,21,000],[$Property and equipment,$214,350,153,300],[$Less: Accumulated depreciation,$(63,700),(48,050)],[,$$$264,000,$$$218,700],[$Accounts payable,$$13,700,$$$24,100],[$Wages payable,$5,500,6,100],[$Note payable, long$-$term,$64,200,76,300],[$Common stock and additional paid$-$in capital,$104,500,67,900],[$Retained earnings,$76,100,44,300],[,$$$264,000,$$$218,700],[$Lncome statement for current year,,$],[$Sales$,$$$214,000,],[$Cost of goods sold,$111,000,],[$Depreciation expense,$15,650,],[0$ther expenses,$44,900,],[$Net income,$$42,450,]]$

Additional Data:

a$.$ Bought equipment for cash, $$61,050.$

b$.$ Paid $$12,100$ on the long$-$term note payable.

c$.$ Issued new shares of stock for $$36,600$ cash.

d$.$ Dividends of $$10,650$ were declared and paid.

e$.$ Other expenses all relate to wages.

f$.$ Accounts payable includes only inventory purchases made on credit.

Required:

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

Note: List cash outflows as negative amounts.

$\backslash$table$[[$SHARP SCREEN FILMS, INCORPORATED,,$],[$Statement of Cash Flows,,$],[$Cash flows from operating activities:,,$],[,,],[\backslash$table$[[$Adjustments to reconcile net income to net cash provided$],[$by operating activities:$]],,],[,,],[,,],[,,],[,,],[$Cash flows from investing activities:,,$],[,,],[,,],[$Cash flows from financing activities:,,$],[,,],[,,],[,,],[,,],[,,],[,,],[,,],[,,],[,,],[,,]]$