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During a recent year, Nicole s Getaway Spa ( NGS ) reported net income of $ 3 , 0 5 0 . The company reported

During a recent year, Nicoles Getaway Spa (NGS) reported net income of $3,050. The company reported the following activities:
Increase in inventory of $350.
Depreciation of $2,500.
Increase of $2,120 in prepaid expenses.
Payments of $4,100 on long-term debt.
Purchased new spa equipment for $7,532.
Payments on accounts payable exceeded purchases by $270.
Collections on accounts receivable exceeded credit sales by $809.
Issued $10,000 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 $6,500

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