The following accounts and corresponding balances were drawn from Zachary Companys Year 2 and Year 1 year-end balance sheets.During the year, $84,000 of unearned revenue was recognized as having been earned. Rent expense for Year 2 was $17,500.

Required

Prepare the operating activities section of the statement of cash flows assuming the direct approach is used. (Cash outflows should be indicated with minus sign.)

The following accounts and corresponding balances were drawn from Zachary Company's Year 2 and Year 1 year-end balance sheets. Account Title Year 2 Year 1 Unearned revenue $7,700 $4,900 Prepaid rent 1,780 2,680 During the year, $84,000 of unearned revenue was recognized as having been earned. Rent expense for Year 2 was $17,500. Required Prepare the operating activities section of the statement of cash flows assuming the direct approach is used. (Cash outflows should be indicated with minus sign.) Cash flow from operating activities: Net cash flow from operating activities