Mallory Michaels, senior accountant for Trendy Fashions, has gathered the following balances from the company's general ledger:

Required
Using the indirect method, prepare the cash flows provided by operating activities section of the statement of cash flows for2014.

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December 31, 2014 December 31, 2013 50,387 142,230 4,500 40,378 14,590 1,400 704,621 83,698 15,000 S 63,531 Accounts Receivable Inventories Prepaid Expenses Accounts Payable Accrued Liabilities Income Taxes Payable Net Income Depreciation Expense Loss on the sale of land 117,406 3,900 50,298 12,075 2,500