During a recent year, Nicole's Getaway Spa (NGS) reported net income of $2,500. The company reported the following activities: a. Increase in inventory of $440. b. Depreciation of $3,400. c. Increase of $2,210 in prepaid expenses. d. Payments of $5,000 on long-term debt. e. Purchased new spa equipment for $7,622. f Payments on accounts payable exceeded purchases by $360. 9. Collections on accounts recelvable exceeded credit sales by $899. 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 $7,400. (Amounts to be deducted should be indicated with a minus sign.)