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.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.

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 $$1,000$ cash in exchange for the company's stock.

Required:

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.$)$