Business, 07.05.2021 18:30 lreese

During a recent year, Nicole's Getaway Spa (NGS) reported net income of $3,050. The company reported the following activities: a. Increase in inventory of $350.
b. Depreciation of $2,500.
c Increase of $2,120 in prepaid expenses.
d. Payments of $4,100 on long-term debt.
e. Purchased new spa equipment for $7,532
f. Payments on accounts payable exceeded purchases by $270.
g. Collections on accounts receivable exceeded credit sales by $809
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 $6,500. (Amounts to be deducted should be indicated with a minus sign.)

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During a recent year, Nicole's Getaway Spa (NGS) reported net income of $3,050. The company reported...

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