Exercise 12-3A Use the indirect method to determine cash flows from operating activities LO 12-1 Shim Company presents its statement of cash flows using the indirect method. The following accounts and corresponding balances were drawn from Shim's Year 2 and Year 1 year-end balance sheets: Account Title Accounts receivable Prepaid rent Interest receivable Accounts payable Salaries payable Unearned revenue Year 2 Year 1 $31, 152 $37,382 1,530 1,339 384 307 9,407 11,288 3,209 3,667 2,809 3,745 The income statement reported a $1,590 gain on the sale of equipment, an $770 loss on the sale of land, and $3,600 of depreciation expense. Net income for the period was $53,895. Required Prepare the operating activities section of the statement of cash flows. (Amounts to be deducted should be indicated with a minus sign.) Cash flows from operating activities: Plus: Less: Net cash flow from operating activities