Flores Corporation uses the indirect method to prepare the operating activities section of its statement of cash flows. The following is a partial list of the company's account balances:
Additional information:Net income for Year 2 was $36,900, depreciation expense was $26,700, and equipment with a book value of $20,000 was sold for $18,000 cash.
Required:Prepare the operating activities section of the statement of cash flows for Year 2. (Note that a heading is not required.)

Question

Flores Corporation uses the indirect method to prepare the operating activities section of its statement of cash flows. The following is a partial list of the company's account balances:
  Additional information:Net income for Year 2 was $36,900, depreciation expense was $26,700, and equipment with a book value of $20,000 was sold for $18,000 cash.
Required:Prepare the operating activities section of the statement of cash flows for Year 2. (Note that a heading is not required.)

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The Answer of Flores Corporation uses the indirect method to prepare the operating activities section of its statement of cash flows. The following is a partial list of the company's account balances:
  Additional information:Net income for Year 2 was $36,900, depreciation expense was $26,700, and equipment with a book value of $20,000 was sold for $18,000 cash.
Required:Prepare the operating activities section of the statement of cash flows for Year 2. (Note that a heading is not required.)

Flores Corporation Uses the Indirect Method to Prepare the Operating