a. Increase in inventory of $360. b. Depreciation of $2,600. c. Increase of $2,130 in prepaid expenses. d. Payments of $4,200 on long-term debt. e. Purchased new spa equipment for $7,542. f. Payments on accounts payable exceeded purchases by $280. g. Collections on accounts receivable exceeded credit sales by $819. h. Issued $12,000 of common stock. NICOLE'S GETAWAY SPA Statement of Cash Flows For the Year Ended December 31 Cash Flows from Operating Activities Changes in Current Assets and Current Liabilities Cash Flow from Investing Activities Cash Flow from Financing Activities CC12-1 (Algo) Accounting for Cash Flows [LO 12-2, LO 12-3, LO 12-4, LO 12-5] During a recent year, Nicole's Getaway Spa (NGS) reported net income of $3,000. The company reported the following activities: a. Increase in inventory of $360. b. Depreciation of $2,600. c. Increase of $2,130 in prepaid expenses. d. Payments of $4,200 on long-term debt. e. Purchased new spa equipment for $7,542. f. Payments on accounts payable exceeded purchases by $280. g. Collections on accounts receivable exceeded credit sales by $819. h. Issued $12,000 of common stock. Required: Based on this information, prepare a statement of cash flows for the year ended December 31 using the indirect method. Assume the cash balance at the beginning of the year was $6,600. (Amounts to be deducted should be indicated with a minus sign.)