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Snim 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

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Snim 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 with Accounts receivable Prepaid rent Interest receivable Accounts payable Salaries payable Unearned revenue Year 2 Year 1 $32,006 339,463 1.705 1.562 650 523 ,114 10,93 2,579 2.947 3.126 4.168 The income statement reported a $1,950 gain on the sale of equipment, an $770 loss on the sale of land, and $3,100 of depreciation expense. Net Income for the period was $52,442 Required Prepare the operating activities section of the statement of cash flows. (Amounts to be deducted should be indicated with a minus sign.) . Cash flows from operating activities Pus Less Prey 1 of 3 Next > The income statement reported a $1,950 gain on the sale of equipment, an 5770 loss on the sale of lond, and $3,100 of depreciation expense. Net income for the period was $52,442 Required Prepare the operating activities section of the statement of cash tlows. (Amounts to be deducted should be indicated with a minus sign.) Cash flows from operating activities Plus Less: Net cash flow from operating activities

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