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CC12-1 (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 $2,450. The company reported the following activities: a. Increase in inventory of $430. b. Depreciation of $3,300. c. Increase of $2,200 in prepaid expenses. d. Payments of $4,900 on long-term debt. e. Purchased new spa equipment for $7,612. f. Payments on accounts payable exceeded purchases by $350. 9. Collections on accounts receivable exceeded credit sales by $889. 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 $7,300. (Amounts to be deducted should hee indicated with a minus sign.) NICOLE'S GETAWAY SPA Statement of Cash Flows For the Year Ended December 31 Required: Based on this information, prepare a statement of cash flows for the cash balance at the beginning of the year was $7,300. (Amounts Required: Based on this information, prepare a statement of cash flows for the yeal cash balance at the beginning of the year was $7,300. (Amounts to be d