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Prepare the operating activities section of the statement

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Reference no: EM131779166

The following accounts and corresponding balances were drawn from Avia Company's 2017 and 2016 year-end balance sheets:

ACCOUNT TITLE 2017 2016

Unearned revenue $ 7,600 $6,200

Prepaid rent 2,400 3,600

During the year $ 46,000 of unearned revenue was recgnized as having been earned. Rent expense for 2017 was 18,000 $.

REQUIRED

Based on this info alone, prepare the operating activities section of the statement of cash flows assuming the DIRECT approach is used

Reference no: EM131779166

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