Heads Up Company was started several years ago by two hockey instructors. The company's comparative balance sheets and income staterent follow, along with additionat information. Additional Date: a. Bought new hockey equipment for cash, $590 b. Borrowed $1,200 cash from the bank duting the yeat c. Accounts Payable includes only purchases of services mede on credit for operating purposes Becisuse there are no liability accounts relating to income tax, assume that this expense wos fully paid in cash. Required: 1. Prepare the statement of cash llows for the current year ended December 31 using the direct method. (Amounts to be deducted should be indicated with a minus sign. accounts relating to income tax; 6 ssume that this expense was fully paid in cosh Required: 1. Prepare the statement of cash flows for the current year ended December 31 using the direct method, (Amounts to be deducted should be indicated with a minus sian.)