Soh Touch Comparty wos started several years ago by two goif instructors. The company's comperative bulsnce sheets and income statement are presented below, along with addelional information Additional Data: a. Bought new goif clubs using cash, $1,100. b. Bocrowed $2,700 cash from the bank during the yeac. c. Accounts Payoble includes only purchases of services made on credit for operating purposes. Because there are no labilify accourits relating to income tax, assume that income Tax Expense was fuly paid in cash. Required: 1. Prepare the statement of cash flows for the curent year ended December 31 using the direct method. ThP: Remember to exclude depreciation expense when comverting to the cash batit. (A mounts to be deducted should be indicated with a minus sign.)