The following accounts and corresponding balances were drawn from Avia Company's 2014 and 2013 year-end balance sheets:

During the year, $46,000 of unearned revenue was recognized as having been earned. Rent expense for 2014 was $18,000.

Required
Based on this information alone, prepare the operating activities section of the statement of cash flows assuming the direct approach isused.

Transcribed Image Text:

2014 Account Title Unearned revenue Prepaid rent 2013 $7,600 2,400 $6,200 3,600