4.28 1 points eBook Exercise 12-3 (Algo) Indirect: Reporting cash flows from operations LO P2 Arundel Company disclosed the following information for its recent calendar year. Income Statement Data Revenues Expenses: Salaries expense Utilities expense Depreciation expense Interest expense + Net loss Hint $ 90,000 Accounts receivable decrease Selected Year-End Balance Sheet Data $ 25,000 72,000 Purchased a machine for cash Salaries payable increase 22,000 26,000 31,000 30,400 7,700 Interest payable decrease 14,000 $ (51,100) Print References 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 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 $ 0