New Vision Company completed its income statement and balance sheet for 2011 and provided the following information:

Required:
Present the operating activities section of the statement of cash flows for New Vision Company using the indirectmethod.

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$66,000 Service revenue Expenses: Salaries Depreciation Utilities Loss on sale of equipment $42,000 7,300 7,000 1,700 58,000 $ 8,000 Net income Partial Balance Sheet 2011 2010 $12,000 Accounts receivable $24,000 10,000 Salaries payable 19,000 Other accrued liabilities 5,000 9,000 52,000 57,000 Land