PA$12-4($Algo$)$ Preparing and Interpreting a Statement of Cash Flows $($Indirect Method$)[$LO $12-2,$ LO $12-3,$ LO $12-4,$ LO $12-5]$

Heads Up Company was started several years ago by two hockey instructors. The company's comparative balance sheets and income statement follow, along with additional information.

$\backslash$table$[[$Balance Sheet at Deromhon $31,$Current Year,Previous Year$],[\backslash$table$[[$Cash$],[$Accounts Receivable$],[$Equipment$],[$Accumulated Depreciation$-$Equipment$]],\backslash$table$[[$$$5,920$