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 Previous Current Year Year Balance Sheet at December 31 $ 4,360 1,930 5,900 (1,340) Cash $6,480 990 Accounts Receivable Equipment Accumulated Depreciation-Equipment 6,490 (1,680) $12,280 $10,850 Total Assets $ 1,000 Accounts Payable Salaries and Wages Payable Note Payable (long-term) 410 410 750 1,700 5,900 3,860 500 Common Stock 5,900 2,700 Retained Earnings Total Liabilities and $12,280 $10,850 Stockholders' Equity Income Statement $39,300 36,800 340 Service Revenue Salaries and Wages Expense Depreciation Expense Income Tax Expense 1,000 $ 1,160 Net Income Additional Data: a. Bought new equipment for cash, $590. b. Borrowed $1,200 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 this expense was fully paid 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.) 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