Exercise 12-3A Use the indirect method to determine cash flows from operating activities LO 12-1 Shlm 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 Year 2 Year Accounts receivable $32,066 038,479 Prepaid rent 1,095 Interest receivable 659527 Accounts payable 9,228 11,074 Salarios payable 2,734 3,124 Unearned revenue 2,711 3,615 950 The income statement reported a $1,480 gain on the sale of equipment, an $760 loss on the sale of land, and $3,800 of depreciation expense. Net income for the period was $50,701. 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