CC$12-1($Algo$)$ 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 $$2,650.$ The company reported the following activities:

a$.$ Increase in inventory of $$470.$

b$.$ Depreciation of $$3,700.$

c$.$ Increase of $$2,240$ in prepaid expenses.

d$.$ Payments of $$5,300$ on long$-$term debt.

e$.$ Purchased new spa equipment for $$7,652.$

f$.$ Payments on accounts payable exceeded purchases by $$390.$

g$.$ Collections on accounts receivable exceeded credit sales by $$929.$

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 $$7,700.($Amounts to be deducted should be indicated with a minus sign.$)$