CC12-1 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 $2350. The company reported the following activities a. Increase in inventory of $410. b. Depreciation of $3,100. c Increase of $2,180 in prepaid expenses. d. Payments of $4,700 on long-term debt e Purchased new spa equipment for $7,592 Payments on accounts payable exceeded purchases by $330 9. Collections on accounts receivable exceeded credit sales by 5869 h. Issued $11,000 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 $7,100. (Amounts to be deducted should be indicated with a minus sign.) 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