3.)

Shim Company presents its statement of cash flows using the Indirect method. The following accounts and corresponding balances were drawn from Shim's Year 2 and Year 1 year-end balance sheets: Account Title Accounts receivable Prepaid rent Interest receivable Accounts payable Salarion payable Unearned revenue Year 2 Year 1 $31,626 $37.951 1,831 1,602 488 390 10,686 12,823 3,059 3,496 2,779 3.705 The income statement reported a $1,860 gain on the sale of equipment, an $630 loss on the sale of land, and $3,400 of depreciation expense. Net Income for the period was $52,475. Required Prepare the operating activities section of the statement of cash flows. (Amounts to be deducted should be indicated with a minus sign.) Required Prepare the operating activities section of the statement of cash flows. (Amounts to be deducted should be indicated with a minus sign.) Cash flows from operating activities: Plus Less: Net cash flow from operating activities