Sporting is Us, Inc. has been providing coaching services for several years. The company's balance sheets for two years and their current income statement follow, along with additional information. Current Year Previous Year Balance Sheet at December 31 Cash Accounts Receivable Equipment Accumulated Depreciation-Equipment Total Assets Accounts Payable Salaries and Wages Payable Note Payable (long-term) Common Stock Retained Earnings Total Liabilities and Stockholders' Equity Income Statement Service Revenue Salaries and Wages Expense Depreciation Expense Income Tax Expense Net Income $ 6,040 870 5,170 (1,440) $10,640 630 530 1,500 4,700 3,280 $10,640 $ 3,980 1,690 4,700 (1,220) $ 9,150 $ 1,100 750 500 4,700 2,100 $ 9, 150 $40,100 37,600 220 1,100 $ 1,180 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.) SPORTING IS US, INC. Statement of Cash Flows For the Year Ended December 31 Cash Flows from Operating Activities: Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: Cash Flows from Investing Activities: Cash Flows from Financing Activities