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: $ 66,700 Income Statement Service revenue Expenses: Salaries Depreciation Utilities Loss on sale of equipment Net income $ 41,300 5,900 5,800 1,400 54,400 $ 12,300 Partial Balance Sheet Accounts receivable Salaries payable Other accrued liabilities Land Current Prior Year Year $ 12,200 $ 25,700 19,200 10,800 6,300 10,800 51,700 58,200 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: Prey 2 of 6 6 Next >