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2 pints eBook Hint Print References Hampton Company reports the following information for its recent calendar year. Income Statement Data Sales Expenses: Cost of
2 pints eBook Hint Print References 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 $76,000 Accounts receivable increase $ 7,000 Inventory decrease 4,000 37,000 Salaries payable increase 9,000 7,000 $ 23,000 1,000 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.) 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 Changes in current operating assets and liabilities
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