Hello can someone help me to this REUIRED problem please.

PA12-4 Preparing and Interpreting a Statement of Cash Flows (Indirect Method) Heads Up Company was started several years ago by two hockey instructors. The company' comparative balance sheets and income statement follow, along with additional information. HOWS. Balance Sheet at December 31 Cash Accounts Receivable Equipment Accumulated Depreciation-Equipment Total Assets Accounts Payable Salaries and Wages Payable Notes 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 Additional Data: Current Year $ 6,300 900 5,500 (1.500) $11,200 $ 500 500 1,700 5,000 3,500 $11,200 $37,500 35,000 250 1,000 $ 1.250 Previous Year $4,000 1,750 5,000 (1,250) $9,500 $1,000 750 500 5,000 2,250 $9,500 Service Revenue Salaries and Wages Expense Depreciation Expense Income Tax Expense Net Income Additional Data: a. Bought new hockey equipment for cash, $500. b. Borrowed $1,200 cash from the bank during the year. c. $37,500 35,000 250 1,000 $1,250 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. Required: 1. Prepare the statement of cash flows for the current year ended December 31 using the indirect method. 2. Use the statement of cash flows to evaluate the company's cash flows. 2-5, 12-6 PA12-6 Preparing and Interpreting a Statement of Cash Flows (Direct Method) Refer to PA12-4. Required: Complete requirements 1 and 2 using the direct method