3 Exercise 16-3 (Algo) Indirect: Reporting cash flows from operations LO P2 Income Statement Data Revenues $ 85,000 Accounts receivable decrease 16.66 points Arundel Company disclosed the following information for its recent calendar year. Selected Year-End Balance Sheet Data $ 26,000 75,000 Purchased a machine for cash Salaries payable increase 19,000 27,000 31,000 Interest payable decrease 13,000 28,800 6,600 Expenses: Salaries expense Utilities expense Depreciation expense Interest expense Net loss $ (56,400) 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 loss Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash Depreciation expense Changes in current operating assets and liabilities Accounts receivable decrease Salaries payable increase Interest payable decrease Net cash provided by operating activities 28,800 26,000 27,000 13,000 94,800