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 Accounts receivable Prepaid rent Interest receivable Year 2 Year 1 $31,798 $38, 158 1,498 1,311 236 Accounts payable Salaries payable 9,331 189 11,197 3,068 3,506 Unearned revenue 3,044 4,058 The income statement reported a $1,770 gain on the sale of equipment, an $700 loss on the sale of land, and $3.500 of depreciation expense. Net income for the period was $51,768.