Soft Touch Company was started several years ago by two golf instructors. The company's comparatlve balance sheets and income statement are presented below, along with additional information. Additional Data: a. Bought new golf clubs for $3,000 cash and sold existing clubs for $1,000cash. The clubs that were sold had cost $2,000 and had Accumulated Depreciation of $500 at the time of sale. b. Borrowed $2,000 cash from the bank during the year. c. 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 Income Tax Expense was fully paid in cash. SOFT TOUCH COMPANY Statement of Cash Flows For the Year Ended December 31 Cash Flows from Operating Activities