E12-10 (Algo) Reporting and Interpreting Cash Flows from Operating Activities with Loss on Sale of Equipment (Indirect Method) LO12-2 Parra Company completed its income statement and comparative balance sheet for the current year and provided the following information: Service revenue Expenses: Income Statement Salaries Depreciation Utilities Loss on sale of equipment Net income $ 66,300 $40,500 5,700 5,800 900 52,900 $13,400 Partial Balance Sheet Accounts receivable Salaries payable Other accrued liabilities Land Current Year Prior Year $ 13,400 $ 24,700 20,700 11,100 5,900 50,000 9,900 57,200 Required: Present the operating activities section of the statement of cash flows for Parra Company using the indirect method. (List cash outflows as negative amounts.) PARRA COMPANY Statement of Cash Flows (Partial) Cash flows from operating activities