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Hampton Company reports the following information for its recent calendar year. Selected Year-End Balance Sheet...

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Accounting

Hampton Company reports the following information for its recent calendar year. Selected Year-End Balance Sheet Data $79,000 Accounts receivable increase Inventory decrease 42,000 Salaries payable increase 13,000 7,000 $ 17,000 Income Statement Data Sales Expenses: Cost of goods sold Salaries expense Depreciation expense Net income Required: Prepare the operating activities section of the statement of cash flows using the indirect method. Note: Amounts to be deducted should be indicated with a minus sign. Statement of Cash Flows (partial) Cash flows from operating activities-indirect method Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash $ 9,000 3,000 900 Changes in current operating assets and liabilities
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Hampton Company reports the following information for its recent calendar year. Required: Prepare the operating activities section of the statement of cash flows using the indirect method. Note: Amounts to be deducted should be indicated with a minus sign

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