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1 Hampton Company reports the following information for its recent calendar year. eBook Selected Year-End Balance Sheet Income Statement Data Data Accounts receivable Sales $70,000
1 Hampton Company reports the following information for its recent calendar year. eBook Selected Year-End Balance Sheet Income Statement Data Data Accounts receivable Sales $70,000 $10,000 increase Expenses Inventory decrease 5,000 Cost of goods sold 36,000 salaries payable increase 900 Salaries expense 10,000 Depreciation 5,000 expense Net income $19,000 Hint Required: Prepare the operating activities section of the statement of cash flows for Hampton Company using the indirect method. (Amounts to be deducted should be indicated with a minus sign.) Cash flows from operating activities
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