PA12-4 (Algo) Preparing and Interpreting a Statement of Cash Flows (Indirect Method) [LO 12-2, LO 12-3, LO 124, LO 12-5] 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 Dota: a. Bought new hockey equipinent for cash, $420 b Borrowed $1.200 cash from the bank during the yeat c. Accounts Payable includes only purchases of services made on credit for operating purposes. Because there are no liatillty accounts relating to income tax assume that this expense was fully pald 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 indicoted with a minus sign.)