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Show all your work(equations). Fill in the table below. Additional Data: a. Bought new golf clubs using cash, $1,000. b. Borrowed $1,800 cash from the

Show all your work(equations). Fill in the table below.

image text in transcribedimage text in transcribed Additional Data: a. Bought new golf clubs using cash, $1,000. b. Borrowed $1,800 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 Income Tax 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.)

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