During a recent year, Nicole's Getaway Spa (NGS) reported net income of $2,650. The company reported the following activities: a. Increase in inventory of $470. b. Depreciation of $3,700. c. Increase of $2,240 in prepaid expenses. d. Payments of $5,300 on long-term debt. e. Purchased new spa equipment for $7,652. f. Payments on accounts payable exceeded purchases by $390. g. Collections on accounts receivable exceeded credit sales by $929. 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 $7,700. (Amounts to be deducted should be indicated with a minus sign.)