During a recent year, Nicole's Getaway Spa $($NGS$)$ reported net income of $$3,200.$ The company reported the following activities:

a$.$ Increase in inventory of $$320.$

b$.$ Depreciation of $$2,200.$

c$.$ Increase of $$2,090$ in prepaid expenses.

d$.$ Payments of $$3,800$ on long$-$term debt.

e$.$ Purchased new spa equipment for $$7,502.$

f$.$ Payments on accounts payable exceeded purchases by $$240.$

g$.$ Collections on accounts receivable exceeded credit sales by $$779.$

h$.$ Issued $$10,000$ 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 $$6,200.($Amounts to be deducted should be indicated with a minus sign.$)$

$\backslash$table$[[$NICOLE$\text{'}$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$],[,],[,],[,=$During a recent year, Nicole's Getaway Spa $($NGS$)$ reported net income of $$3,200.$ The company reported the following activities:

a$.$ Increase in inventory of $$320.$

b$.$ Depreciation of $$2,200.$

c$.$ Increase of $$2,090$ in prepaid expenses.

d$.$ Payments of $$3,800$ on long$-$term debt.

e$.$ Purchased new spa equipment for $$7,502.$

f$.$ Payments on accounts payable exceeded purchases by $$240.$

g$.$ Collections on accounts receivable exceeded credit sales by $$779.$

h$.$ Issued $$10,000$ 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 $$6,200.($Amounts to be deducted should be indicated with a minus sign.$)$

$\backslash$table$[[$NICOLE$\text{'}$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$],[,],[,],[,=$