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.)
Definitions:
Glomerulus
A network of capillaries located in the kidney that plays a key role in filtering blood to form urine.
Freshwater Environment
A habitat characterized by water with low salt content, such as rivers, lakes, and streams.
Osmosis
The process by which molecules of a solvent pass through a semipermeable membrane from a less concentrated solution to a more concentrated one, equalizing the concentrations on each side of the membrane.
Salt Uptake
The process by which plants, animals, and other organisms absorb salt (sodium chloride) and other ions from their environment.
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