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:

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.

What is the Net cash provided by financing activities, Net increase in cash during the year, and the cash balance, Jan $1$st$,$ current year?