E12-10 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 S 66,100 S40,500 7,300 5,800 1,400 Salaries Utlities Loss on sale of equipment 55,000 $ 11,100 Net income Current Year Prior Year S 13,900 S 25,800 19,400 10,100 5,00010,400 51,300 57,700 Partial Balance Sheet Accounts receivable Salaries payable Other accrued iabilities Land 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 Cash flows from operating activities