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$],[],[$Cash$,$$$71,350,$$$66,500],[$Accounts receivable,$20,250,26,450],[$Merchandise inventory,$26,450,21,100],[$Property and equipment,$214,450,153,700],[$Less: Accumulated depreciation,$(63,800),(48,350)],[$$$268,700,$$$219,400],[$Accounts payable,$$13,800,$$$24,300],[$Wages payable,$4,900,7,600],[$Note payable, long$-$term,$60,300,76,400],[$Common stock and additional paid$-$in capital,$104,900,68,000],[$Retained earnings,$84,800,43,100],[$$$268,700,$$$219,400],[$Income statement for current year$],[$Sales$,$$$215,000,],[$Cost of goods sold,$112,000,],[$Depreciation expense,$15,450,],[$other expenses,$45,000,],[$Net income,$$42,550,]]$

Additional Data:

a$.$ Bought equipment for cash, $$60,750.$

b$.$ Paid $$16,100$ on the long$-$term note payable.

c$.$ Issued new shares of stock for $$36,900$ cash.

d$.$ Dividends of $$850$ 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 direct 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:,,$],[,,],[,,],[,,],[,,],[$Cash flows from investing activities:,,$],[,,],[,,],[,,],[$Cash flows from financing activities:,,$],[,,],[,,],[,,],[,,],[,,],[,,],[,,],[,,],[,,],[,,]]$