22 Dive In Company was started several years ago by two diving instructors. The company's comparative balance sheets and income statement are presented below. 0.6 points Current Year Previous Year $ 5,440 2,600 02:21:36 260 Balance Sheet at December 31 Cash Accounts Receivable Prepaid Rent Total Assets Salaries and Wages Payable Common Stock Retained Earnings Total Liabilities and Stockholders' Equity Income Statement Service Revenue Salaries and Wages Expense Rent and office Expenses Net Income Skipped $6,320 1,300 130 $7,750 $2,700 1,800 3,250 $7,750 $ 8,300 $ 1,150 2,800 4,350 $ 8,300 eBook $ 51,550 46,000 4,450 $ 1,100 References Additional Data: a. Rent is paid in advance each month, and Office Expenses are paid in cash as incurred. b. An owner contributed capital by paying $1,000 cash in exchange for the company's stock. 22 a. Rent is paid in advance each month, and Office Expenses are paid in cash as incurred. b. An owner contributed capital by paying $1,000 cash in exchange for the company's stock. 0.6 points Required: 1. Prepare the statement of cash flows for the current year ended December 31 using the indirect method. (Amounts to be deducted should be indicated by a minus sign.) 02:21:30 Skipped DIVE IN COMPANY Statement of Cash Flows For the Year Ended December 31 Cash Flows from Operating Activities: eBook Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: Reilences References 0 Cash Flows Used in Investing Activities: Cash Flows from Financing Activities: 0 0