Arundel Company disclosed the following information for its recent calendar year. ...
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Accounting
| Arundel Company disclosed the following information for its recent calendar year. |
| Income Statement Data | Selected Year-End Balance Sheet Data | |||
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| Revenues | $85,000 | Accounts receivable decrease | $26,000 | |
| Expenses | Purchased a machine for cash | 21,000 | ||
| Salaries expense | 68,000 | Salaries payable increase | 23,000 | |
| Utilities expense | 32,000 | Other accrued liabilities decrease | 14,000 | |
| Depreciation expense | 31,000 | |||
| Other expenses | 6,800 | |||
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| Net loss | $ (52,800) | |||
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| Required: | |
| 1. | Prepare the operating activities section of the statement of cash flows using the indirect method. (Any losses or amounts to be deducted should be indicated with a minus sign.) |
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