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	$	5,980		$	3,860
Accounts Receivable		840			1,630
Equipment		4,840			4,400
Accumulated DepreciationEquipment		(1,380	)		(1,190	)
Total Assets	$	10,280		$	8,700
Accounts Payable	$	660		$	1,100
Salaries and Wages Payable		560			750
Note Payable (long-term)		1,500			500
Common Stock		4,400			4,400
Retained Earnings		3,160			1,950
Total Liabilities and Stockholders Equity	$	10,280		$	8,700
Income Statement
Service Revenue	$	40,700
Salaries and Wages Expense		38,200
Depreciation Expense		190
Income Tax Expense		1,100
Net Income	$	1,210

Additional Data:

1. Bought new hockey equipment for cash, $440.
2. Borrowed $1,000 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.)