Check my E12-10 (Algo) Reporting and Interpreting Cash Flows from Operating Activities with Loss on Sale of Equipment (Indirect Method) LO12-2 Parra Company completed its income statement and comparative balance sheet for the current year and provided the following Information: DOR Service revenue Income Statenent $ 66,900 Expenses: Salaries $41,700 Depreciation 6,700 Utilities 6,100 Loss on sale of equipment 1,800 55,500 Net income $ 11,400 rences Partial Balance Sheet Accounts receivable Salaries payable Other accrued Liabilities Land Current Prior Year Year $ 12,800 $ 25,000 19,900 10,200 5,900 9,200 50,700 57.100 Required: Present the operating activities section of the statement of cash flows for Parra Company using the Indirect method. (List cash outflows as negative amounts.) PARRA COMPANY Statement of Cash Flows (Partial) Cash flows from operating activities Ac araw 11 Partial Balance Sheet Accounts receivable Salaries payable Other accrued liabilities Land Current Prior Year Year $ 12,800 $ 25,900 19,900 10,200 5,900 9,200 50,700 57,100 Required: Present the operating activities section of the statement of cash flows for Parra Company using the Indirect method. (List cash outflows as negative amounts.) tes PARRA COMPANY Statement of Cash Flows (Partial) Cash flows from operating activities: Dm 26 # Next