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: Income Statement Service revenue Expenses: Salaries $ 41,500 Depreciation 5,700 Utilities 5,400 Loss on sale of equipment 1,200 53,800 Net Income $ 12,600 Year Partial Balance Sheet Accounts receivable Salaries payable Other accrued liabilities Land Cur int Prior Year $ 12,200 $ 24,000 19,800 10,500 10.300 50,500 57,300 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.) Partial Balance Sheet Accounts receivable Salaries payable Other accrued liabilities Land Current Prior Year Year 5 12,200 $ 24,000 19,800 10,50 5,600 10,30 50,500 57,380 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: Net Income Depreciation expense Loss on sale of equipment Accounts receivable decrease Salaries payable increase Other Accrued liabitis decrease Net cash provided by operating activities S 0