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: Account Title Year 2 Year 1 Accounts receivable $ 32,477 $ 38,972 Prepaid rent 1,713 1,499 Interest receivable 263 210 Accounts payable 10,599 12,719 Salaries payable 3,213 3,672 Unearned revenue 3,267 4,356 The income statement reported a $1,280 gain on the sale of equipment, an $720 loss on the sale of land, and $3,700 of depreciation expense. Net income for the period was $52,742. Required Prepare the operating activities section of the statement of cash flows.

Arguments made against free trade include all of the following exceptdumping is an unfair trade practice that puts domestic producers of substitute goods at a disadvantage that they should be protected against. national defense considerations justify producing certain goods domestically whether the country has a comparative advantage in their production or not. free trade is inflationary and should be restricted in the domestic interest. if foreign governments subsidize their exports, foreign firms that export are given an unfair advantage that domestic producers should be protected against. infant industries should be protected from free trade so that they may have time to develop and compete on an even basis with older, more established foreign industries.