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 $5,980 $3,860 1,630 4,840 4,400 Accumulated Depreciation-Equipment(1,380) (1,190) Cash 840 Equipment $10,280 $8,700 Accounts Payable Salaries and Wages Payable Note Payable (long-term) Common Stock Retained Earnings S 660 $1,100 750 500 4,400 4,400 3,160 1,950 560 1,500 $10,280 $ 8,700 Income Statement Service Revenue Salaries and Wages Expense Depreciation Expense Income Tax Expense $40,700 38,200 190 1,100 Net Income 1,210 Additional Data: a. Bought new hockey equipment for cash, $440 b. Borrowed $1,000 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 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.)