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 $ 66,980 Expenses: Salaries Depreciation Utilities Loss on sale of equipment Net income $41,700 6,700 6,100 1,000 55,500 $ 11,400 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.) Answer is not complete. PARRA COMPANY Statement of Cash Flow Partia Saint 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 :43 Required: Present the operating activities section of the statement of cash flows for Parra Company using the ind outflows as negative amounts.) Answer is not complete. PARRA COMPANY Statement of Cash Flows (Partial) Cash flows from operating activities: Net income $ 11,400 Depreciation expense 6,700 Loss on sale of equipment 1,000 Accounts receivable decrease 13,100 Salaries payable increase 9,700 Other accrued liabilities decrease DIO Net cash used in operating activities $ 41,900