value: 2.24 points CC12-1 Accounting for Cash Flows [LO 12-2, LO 12-3, LO 12-4, LO 12-5] During a recent year, Nicole's Getaway Spa (NGS) reported net income of $3,250. The company repor the following activities a. Increase in inventory of $310. b. Depreciation of $2,100 c. Increase of $2,080 in prepaid expenses. d. Payments of $3,700 on long-term debt. e. Purchased new spa equipment for $7,492. f. Payments on accounts payable exceeded purchases by $230. g. Collections on accounts receivable exceeded credit sales by $769. h. Issued $11,000 of common stock. Required: Based on this information, prepare a statement of cash flows for the year ended December 31 using the indirect method. Assume the cash balance at the beginning of the year was $6,100. (Amounts to be deducted should be indicated with a minus sign.) NICOLE'S GETAWAY SPA Statement of Cash Flows For the Year Ended December 31 Cash Flows from Operating Activities Changes in Current Assets and Current Liabilities