Heads Up Company was started several years ago by two hockcy 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 $590cnsh. The Jquipment that was sold had cost $1,570 and had Accumulated Depreciation of $340 at the time of sale. b. Borrowed $1,200 cosh from the bank duting the year, c. Accounts Payable includes only purchases of services made on credit for operating purposes. Becouse there are no liability occounts relating to income tax, assume this expense was fully paid in cash. Required: 1. 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