1 Exercise 14-2A (Algo) Use the indirect method to determine cash flows from operating activities LO 14-1 3.75 points Benson Incorporated presents its statement of cash flows using the indirect method. The following accounts and corresponding balances were drawn from the company's Year 2 and Year 1 year-end balance sheets. Account Title Accounts receivable Accounts payable Year 2 $12,000 $ 7,750 Year 1 $17,000 $ 9,850 eBook The Year 2 income statement showed net income of $28,300. Print Required a. Prepare the operating activities section of the statement of cash flows. (Amounts to be deducted should be indicated with minus sign.) References Cash flows from operating activities Net cash flow from operating activities $ 0 2 Exercise 14-8A (Algo) Determining cash flow from investing activities LO 14-3 3.75 points On January 1, Year 1, Campbell Company had a balance of $267,500 in its Land account. During Year 1, Campbell sold land that had cost $93,500 for $146,500 cash. The balance in the Land account on December 31, Year 1, was $287,000. Required eBook a. Determine the cash outflow for the purchase of land during Year 1. b. Prepare the investing activities section of the Year 1 statement of cash flows. Hint Complete this question by entering your answers in the tabs below. Print Required A Required B References Determine the cash outflow for the purchase of land during Year 1. Cash outflow for the purchase of land 2 Exercise 14-8A (Algo) Determining cash flow from investing activities LO 14-3 3.75 points On January 1, Year 1, Campbell Company had a balance of $267,500 in its Land account. During Year 1, Campbell sold land that had cost $93,500 for $146,500 cash. The balance in the Land account on December 31, Year 1, was $287,000. Required eBook a. Determine the cash outflow for the purchase of land during Year 1. b. Prepare the investing activities section of the Year 1 statement of cash flows. 01 Hint Complete this question by entering your answers in the tabs below. Print Required A Required B References Prepare the investing activities section of the Year 1 statement of cash flows. (Cash outflows should be indicated with minus sign.) Cash flow from investing activities Net cash flow from investing activities $ 0