Heads Up Company was started several years ago by two hockey instructors. The company's comparative balance sheets and income statement follow, along with additional information. Balance Sheet at December 31 Cash Accounts Receivable Equipment Accumulated Depreciation-Equipment Total Assets Account's Payable Salaries and Mages Payable Notes Payable (long-term) Common Stock Retained Earnings Total Liabilities and Stockholders' Equity Income Statement Service Revenue Salaries and Wages Expense Depreciation Expense Income Tax Expense Net Incone Additional Data: a Bought new hockey equipment for cash, $530. b Borrowed $1,200 cash from the bank during the year 1,810 5,300 (1,280) Current Year Previous Year $ 6,360 $ 4,120 930 5,830 (1,560) $ 11,560 $ 9,950 $ 1,000 470 1,700 5,300 3,620 2,400 $ 11,560 $ 9,950 $470 $38,100 35,600 200 1,000 $ 3,220 750 500 5,300 c 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.)