During a recent year, Nicole's Getaway Spa (NGS) reported net income of $2,300. The company reported the following activities: a. Increase in inventory of $400. b. Depreciation of $3,000. c. Increase of $2,170 in prepaid expenses. d. Payments of $4,600 on long-term debt. e. Purchased new spa equipment for $7,582. f. Payments on accounts payable exceeded purchases by $320. g. Collections on accounts receivable exceeded credit sales by $859. h. Issued $10,000 of common stock. Requlred: 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 $7,000. (Amounts to be deducted should be lndleated with a minus slgn.)