The Following Is a Partial List of Accounts and Balances

The following is a partial list of accounts and balances for the Spencer Corporation.Prepare the operating activities section of the statement of cash flows for 2014 using the indirect method. $\begin{array}{|l|r|r|}\hline & \text {Beginning } & \text {Ending} \\\hline \text { Land } & \$ \quad 48,000 & \$ \quad 131,800 \\\hline \text { Accounts receivable } & 20,800 & 20,000 \\\hline \text { Prepaid rent } & 4,200 & 2,800 \\\hline \text { Prepaid insurance } & 1,800 & 5,600 \\\hline \text { Equipment } & 24,000 & 29,000 \\\hline \text { Accounts payable } & 3,600 & 2,800 \\\hline \text { Dividends payable } & 2,000 & 2,400 \\\hline \text { Utilities payable } & 1,000 & 1,600 \\\hline \text { Cash } & 16,000 & 14,400 \\\hline \text { Buildings } & 188,000 & 224,000 \\\hline \text { Salaries payable } & 5,800 & 4,400 \\\hline \text { Unearned revenue } & 1,600 & 1,800\\\hline\end{array}$ Additional Information:
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