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.

Additional Data:

a$.$ Bought new equipment for $$2,250$ cash and sold existing equipment for $$590$ cash. The equipment that was sold had cost $$1,570$

and had Accumulated Depreciation of $$340$ at the time of sale.

b$.$ Borrowed $$1,200$ cash from the bank during the year.

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 this expense was fully paid in cash.

Required:

Prepare the statement of cash flows for the year ended December $31$ using the indirect method.

Note: Amounts to be deducted should be indicated with a minus sign.