A company provides its current and prior year balance sheets, its current income statement, and additional information as follow Current Year Previous Year Balance Sheef at December 31 Cash Accounts Receivable Equipment Accumulated Depreciation Equipment Total Assets Accounts Payable Salaries and Wages Payable Note Payable (long-term) Common Stock Retained Earnings Total Liabilities and Stockholders' Equity Income Statement Service Revenue Salaries and Wages Expense Depreciation Expense Income Tax Expense Net Income $ 6,640 878 5,170 (1,440) $10,640 $ 63e 530 1,500 4,760 3,280 $10,640 $ 3,980 1,690 4,700 (1,220) $ 9,150 $ 1,100 750 500 4,700 2,100 $ 9,150 -540,100 37,600 220 1,100 $ 1,180 Additional Data: a. Bought new equipment for cash, $470 b. Borrowed $1,000 cash from the bank during the year c Accounts Payable includes only purchases of services made on credit for operating purposes. Because there are no liability accounts relating to income tax assume that this expense was fully paid in cash Statement of Cash Flows For the Year Ended December 31 Cash Flows from Operating Activities: Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: 0 Cash Flows from Investing Activities: 0 Cash Flows from Financing Activities: 0 0