Dive In Company was started several years ago by two diving instructors. The company's comparative balance sheets and income statement, as well as additional information, are presented below. Current Year Previous Year $ 3,200 1,000 100 $ 4,300 $ 4,000 500 50 $ 4,550 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 $ 350 1,200 2,750 $ 4,300 $ 1,100 1,000 2,450 $ 4,550 $ 33,950 30,000 3,650 $ 300 Net Income 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 $200 cash in exchange for the company's stock. Required: 1. Prepare the statement of cash flows for the current year ended December 31 using the direct method. (Amounts to be deducted should be indicated by a minus sign.) Answer is not complete. DIVE IN COMPANY Statement of Cash Flows For the Year Ended December 31 Cash Flows from Operating Activities: 0 Cash Flows Used in Investing Activities: Cash Flows from Financing Activities: 0 Cash Balance, January 1 Cash Balance, December 31 0