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Shim Company presents its statement of cash flows using the indirest method, The following accounts and corresponding bolances were diawn from Stim's Year 2 and

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Shim Company presents its statement of cash flows using the indirest method, The following accounts and corresponding bolances were diawn from Stim's Year 2 and Year I year-end balance sheets: The income statement reported a $1,250 gain on the sale of equipment, an $750 loss on the sale of land, and $3.700 of depreciation expense. Net income for the period was $52,108. Required Prepare the operating activites section of the statemeht of cash flows. Notet Amounts to be deducted should be indicated with a minus sign. Required Prepare the operating activities section of the statement of cash flows. Note: Amounts to be deducted should be indicated with a minus sign

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