-- --- During a recent year, Nicole's Getaway Spa (NGS) reported net income of $3,050. The company reported the following activities: a. Increase in inventory of $350. b. Depreciation of $2,500. c Increase of $2,120 in prepaid expenses. d. Payments of $4,100 on long-term debt. e. Purchased new spa equipment for $7,532 Payments on accounts payable exceeded purchases by $270. g. Collections on accounts receivable exceeded credit sales by $809 h. 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. (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 Prev 1 of 1 ! Next Changes in Current Assets and Current Liabilities Cash Flow from Investing Activities Cash Flow from Financing Activities Prey 1 of 1 !!! Next