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please help Shim Company presents its statement of cash flows using the indirect method. The following accounts and corresponding balances vere drawn from Shim's Year
please help Shim Company presents its statement of cash flows using the indirect method. The following accounts and corresponding balances vere drawn from Shim's Year 2 and Year 1 year-end balance sheets: The income statement reported a $1,620 gain on the sale of equipment, an $520 loss on the sale of land, and $3.100 of depreciation expense. Net income for the period was $51,340. 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.)
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