Parra Company completed its income statement and comparative balance sheet for the current year and provided...
Parra Company completed its income statement and comparative balance sheet for the current year and provided the following information:
| Income Statement | ||||
| Service revenue | $ | 66,700 | ||
| Expenses: | ||||
| Salaries | $ | 41,900 | ||
| Depreciation | 5,600 | |||
| Utilities | 5,200 | |||
| Loss on sale of equipment | 900 | 53,600 | ||
| Net income | $ | 13,100 | ||
| Partial Balance Sheet | Current Year | Prior Year | ||
| Accounts receivable | $ | 12,400 | $ | 24,900 |
| Salaries payable | 19,300 | 10,300 | ||
| Other accrued liabilities | 5,400 | 9,600 | ||
| Land | 51,900 | 58,600 | ||
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.)
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