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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: The income statement reported a $1,340 gain on the sale of equipment, an $810 ioss on the sale of land, and $3,400 of depreciation expense. Net income for the period was $50,285. Required Prepare the operating activities section of the statement of cash flows. Note: Amounts to be deducted should be indicated with a minus sign. Alfonza incorporated presents its statement of cash flows using the indirect method. The following accounts and corresponding balances were drawn from the company's Year 2 and Year 1 year-end balance sheets: The Year 2 income statement showed net income of $25,800. Required a. Prepare the operating activities section of the statement of cash flows. Note: Amounts to be deducted should be indicated with a minus sign. The following accounts and corresponding balances were drawn from Marinelli Company's Year 2 and Year 1 year-end balance sheets: The Year 2 income statement is shown next: Required a. Use the direct method to compute the amount of cash inflows from operating activities b. Use the direct method to compute the amount of cash outflows from operating activities