Heads Up Company was started several years ago by two hockey instructors. The companys comparative balance sheets and income statement follow, along with additional information.

	Current Year	Previous Year
Balance Sheet at December 31
Cash	$ 6,420	$ 4,240
Accounts Receivable	960	1,870
Equipment	6,160	5,600
Accumulated DepreciationEquipment	(1,620)	(1,310)
Total Assets	$ 11,920	$ 10,400
Accounts Payable	$ 440	$ 1,000
Salaries and Wages Payable	440	750
Notes Payable (long-term)	1,700	500
Common Stock	5,600	5,600
Retained Earnings	3,740	2,550
Total Liabilities and Stockholders Equity	$ 11,920	$ 10,400
Income Statement
Service Revenue	$ 38,700
Salaries and Wages Expense	36,200
Depreciation Expense	310
Income Tax Expense	1,000
Net Income	$ 1,190

Additional Data:

1. Bought new hockey equipment for cash, $560.
2. Borrowed $1,200 cash from the bank during the year.
3. Accounts Payable includes only purchases of services made on credit for operating purposes. Because there are no liability accounts relating to income tax, assume that this expense was fully paid in cash.

Required:

1. Prepare the statement of cash flows for the current year ended December 31 using the indirect method. (Amounts to be deducted should be indicated with a minus sign.)