Swing It, Inc., was started several years ago by two tennis instructors. The companys comparative balance sheets and income statement follow, along with additional information.

	Current Year					Previous Year
Balance Sheet at December 31
Cash		$	6,140				$	3,680
Accounts Receivable			820					1,590
Equipment			4,620					4,200
Accumulated DepreciationEquipment			(1,340	)				(1,170	)
		$	10,240				$	8,300
Accounts Payable		$	580				$	1,000
Salaries and Wages Payable			580					750
Note Payable (long-term)			1,700					500
Common Stock			4,200					4,200
Retained Earnings			3,180					1,850
		$	10,240				$	8,300
Income Statement
Service Revenue		$	41,100
Salaries and Wages Expense			38,600
Depreciation Expense			170
Income Tax Expense			1,000
Net Income		$	1,330

Additional Data:

a.	Bought new tennis equipment for cash, $420.
b.	Borrowed $1,200 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 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. (Amounts to be deducted should be indicated with a minus sign.)