Based on the given information from PA12-4 (pp.603-604) in your textbook, complete the following Statement of Cash Flows using the Direct Method Notes: -place negative amounts or balances in parentheses/brackets. Example: (100) -when entering the amounts or balances, omit or do not include the dollar sign and penny value or decimal point -use comma to separate numbers/amounts/balances greater than 999. Example: 1,850 Heads Up Company Statement of Cash Flows For the Year Ended, December 31 Cash flow from operating activities: Cash collected from customers Cash paid to employees Cash paid for other operating expenses Cash paid for income taxes Net Cash Flow provided by (used in) operating activities Cash flow from investing activities: Purchase of New Hockey Equipment Net Cash Flow provided by (used in) investing activities Cash flow from financing activities: Borrowed cash from the bank Net Cash Flow provided by (used in) financing activities Net Increase in Cash Cash, beginning of the year Cash, end of the year Balance Sheet at December 31 Income Statement Service Revenue Salaries and Wages Expense Depreciation Expense income Tax Expense Net income $37,50035,0002501,000$1,250