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During a recent year, Nicole's Getaway Spa (NGS) reported net income of $2,600. The company reported the following activities: a. Increase in inventory of $460.

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During a recent year, Nicole's Getaway Spa (NGS) reported net income of $2,600. The company reported the following activities: a. Increase in inventory of $460. b. Depreciation of $3,600 c increase of $2,230 in prepald expenses. d. Payments of $5.200 on long-term debt. e. Purchased new spa equipment for $7,642. t. Payments on accounts payable exceeded purchases by $380 9. Coliections on accounts recelvable exceeded credit sales by $919 h lssued $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 bolance at the beginning of the year was $7.600. (Amounts to be deducted should be indicated with a minus sign.)

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