2 4.28 points mpletion. Return to question Hampton Company reports the following information for its recent calendar year. Income Statement Data Sales Expenses: Cost of goods sold Salaries expense Depreciation expense Net income Required: Selected Year-End Balance Sheet Data $ 160,000 Accounts receivable increase Inventory decrease 100,000 Salaries payable increase 24,000 12,000 $ 24,000 Prepare the operating activities section of the statement of cash flows using the indirect method. (Amounts to be deducted should be indicated with a minus sign.) Answer is not complete. Statement of Cash Flows (partial) Cash flows from operating activities-indirect method Net income: Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash Accounts receivable increase Changes in current operating assets and liabilities Salaries payable increase Inventory decrease $ 24,000 10,000 43,000 1,000 16,000 $ 94,000 2 any reports the following information for its recent calendar year. ement Data $ 160,000 Accounts receivable increase Selected Year-End Balance Sheet Data $ 10,000 Inventory decrease 16,000 100,000 Salaries payable increase 4.28 points jods sold expense Lon expense $ 24,000 24,000 12,000 1,000 erating activities section of the statement of cash flows using the 1. (Amounts to be deducted should be indicated with a minus sign.) Answer is not complete. Statement of Cash Flows (partial) operating activities-indirect method concile net income to net cash provided by operating activities it items not affecting cash ivable increase nt operating assets and liabilities ole increase ease $ 24,000 10,000 43,000x 1,000 16,000 $ 94,000