PA$12-7($Algo$)($Supplement $12$A$)$ Preparing and Interpreting a Statement of Cash Flows with Loss on Disposal $($Indirect Method$)[$LO $12-$S$1]$

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.

$\backslash$table$[[,$Current Year,Previous Year$],[$Balance Sheet at December $31],[$Cash$,$$$6,120,$$$4,260$