PA12-4 (Algo) Preparing and Interpreting a Statement of Cash Flows (Indirect Method) (LO 12-2, LO 12-3, LO 124,LO125] Heeds Up Company was-started several years bgoby two hookey instructors. The company's comparative balance sheets and income Statement follow along with additional informbtion Additional Data: o. Bought new hockey equipment for cash, $510. b. Borrowed $1,000 cash from the bank during the year. c. Accounte Payable includes only purchases of services made on creda for operating purposes. Because thete ore no llability accounts relating to income tax, assume that this expense was fully poid in cash. 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.)