smith clinic inc is preparing its statement cash flow

Smith Clinic Inc., is preparing its statement of cash flows (indirect method) for the year ended March 31 ?014 Considerthefollowingitemsin preparing the company's statement of cash flows Identify each item as an operating activity- addition to not income (O+orsubtractionfrom net income (O -), an investing activity (I) a financing activity(F) of an activity that is not used to prepare the cashflowsstatement bythe indirect method (N) Place the appropriate symbol in the blank space. rect Decrease in accrued liabilities rect Net income rect Decrease m prepaid expense rect Collection of cash horn customers rect Purchase ol equipment with cash rect Retained earnings. rect Paymentof rect increase in accounts payable rect Decrease in accounts receivable rect Gainon saleog building rect Loss on sale of land rect Depreciation expense rect increase in inventory rect ofcommon stock