Chapter 12 Homework Homework Shim Company presents its statement of cash flows using the Indirect method. The following accounts and corresponding balances were drawn from Sim' Year 2 and Year 1 year-end balance sheets: Account Title Accounts receivable Prepaid rent Interest receivable Accounts payable Salaries payable Year 2 32,367 1,042 Year 1 3,840 912 2,819 3.351 3.222 4.400 The income statement reported a $1830 gain on the sale of equipment, an $680 loss on the sale of land, and $3.200 of depreciation expense. Net Income for the period was $51247 Required Prepare the operating activities section of the statement of cash flows. (Amounts to be deducted should be indicated with a minus sign) MacBook Pro