Prepare the cash flows from operating activities section of the statement of cash flows using the indirect method.

(This is one question with 2 parts)

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The accounting records of Kelly Corporation reveal the following: Click the icon to view the data table.) Read the requirements Requirement 1. Prepare the cash flows from operating activities section of the statement of cash flows using the indirect method. (Use parentheses or a minus sign for numbers to be subtracted and for a net decrease in cash) Cash flows from operating activities: - X Data Table Adjustments to reconcile net income to net cash provided by used for operatin $ $ 9,000 19,000 Net Income Collection of dividend revenue Payment of interest Sales revenue Loss on sale of land Acquisition of land with canh 11.000 Depreciation expense 7.200 Decrease in current liabilities 12.000 Decrease in current assets 180.000 other than cash 28,000 Payment of dividends 38,000 Payment of income tax Net cash provided by used for) Requirement 2. Evaluate the operating cash 32.000 7,600 5,000 Operating cash flow is as shown by Print Done The accounting records of Kelly Corporation reveal the following: Click the icon to view the data table.) Read the requirements Requirement 1. Prepare the cash flows from operating activities section of the statement of cash flows using the indirect method. (Use parentheses or a minus sign for numbers to be subtracted and for a net decrease in cash) Cash flows from operating activities Adjustments to reconcile net income to net cash provided by used for operating activities Net cash provided by used for operating activities Requirement 2. Evaluate the operating cash flow of Kelly Corporation Explain Operating cash flow is as shown by the cash flows from operating activities