Reporting and Interpreting Cash Flows from Operating Activities with loss on Sale of Equipment (Indirect Method) New vision company completed its income statement and balance sheet for 2011 and provided the following information: Service Revenue $66,000 Expenses: Salaries 42,000 Depreciation 7,300 Utilities 7,000 Loss on sale of equip. 1,700

(1,700 was subtracted to get 58,000--then they subtracted 66,000-58,000 to get 8,000 Net income 8,000 Partial Balance Sheet 2011 2010 Account receivable 12,000 24,000 Salaries payable 19,000 10,000 Other accrued liablities 5,000 9,000 Land 52,000 57,000 **Above is the whole question. I am not sure how to set this up from an Indirect method standpoint. I am having a difficult time knowing which items are increase or decreases..I am just suppose to present the operating activities section of the cash flow statement using the indirect method...any help would be great!