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Sof Touch Company was started several years ago by two golf instructors. The company's comparative balance sheets and income statement are presented below, along with addinional information, Additional Data: a. Bought new golt clubs using canh, 51,000 b. Bomowed 52.300 cash from the bank during the yeae. c. Accounts Payable inchudes only purchases of services made on creda for operating purposes. Because there are no fability accourts relasing to income tax, assume that income Tax Expense was fully pold in cash. Required: 1. Prepare the statement of cash flows lor the current year ended December 31 using the indirect method. (Amounts to be deducted sheuld be indicated with a minus sign.) Sof Touch Company was started several years ago by two golf instructors. The company's comparative balance sheets and income statement are presented below, along with addinional information, Additional Data: a. Bought new golt clubs using canh, 51,000 b. Bomowed 52.300 cash from the bank during the yeae. c. Accounts Payable inchudes only purchases of services made on creda for operating purposes. Because there are no fability accourts relasing to income tax, assume that income Tax Expense was fully pold in cash. Required: 1. Prepare the statement of cash flows lor the current year ended December 31 using the indirect method. (Amounts to be deducted sheuld be indicated with a minus sign.)