Exercise 12-3A Use the indirect method to determine cash flows from operating activities LO 12-1 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 Year 2 Year 1 $32,984 $39,581 Accounts receivable Prepaid rent 1,542 1,349 Interest receivable 546 Accounts payable 10,533 437 12,640 Salaries payable 2,981 Unearned revenue 3,407 2,779 3,705 The income statement reported a $1,500 gain on the sale of equipment, an $590 loss on the sale of land, and $3,200 of depreciation expense. Net income for the period was $53,191. 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