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: Year 2 $32,335 1.230 Year 1 $38,802 1,076 Account Title Accounts receivable Prepaid rent Interest receivable Accounts payable Salaries payable Unearned revenue 387 310 10,178 2.927 3,071 12.214 3,345 4,094 The income statement reported a $1,410 gain on the sale of equipment, an $500 loss on the sale of land, and $3,300 of depreciation expense. Net income for the period was $54,998. Required Prepare the operating activities section of the statement of cash flows. (Amounts to be deducted should be indicated with a minus sign.) aces Cash flows from operating activities Plus et cash flow from operating activities