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Prepare the operating activities section

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Reference no: EM13918034

The following accounts and corresponding balances were drawn from Osprey Company's 2014 and 2013 year-end balance sheets:

347_264-B-M-A-S-C-F (2023).png

During the year, $84,000 of unearned revenue was recognized as having been earned. Rent expense for 2014 was $24,000. 

Required: 

Based on this information alone, prepare the operating activities section of the statement of cash flows assuming the direct approach is used. 

Reference no: EM13918034

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