During a recent year, Nicoles Getaway Spa (NGS) reported net income of $ 2,300. The company reported the following activities: 

a. Increase in inventory of $ 400. 

b. Depreciation of $ 3,000. 

c. Increase of $ 2,170 in prepaid expenses. 

d. Payments of $ 4,600 on long- term debt. 

e. Purchased new spa equipment for $ 7,582. 

f. Payments on accounts payable exceeded purchases by $ 320. 

g. Collections on accounts receivable exceeded credit sales by $ 859. 

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 $ 7,000.