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 $ 80,000 Accounts receivable decrease Selected Year-End Balance Sheet Data $ 28,000 Purchased a machine for cash 22,000 70,000 Salaries payable increase 28,000 33,000 Interest payable decrease 18,000 31,400 7,900 $ (62,300) 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 Interest payable decrease Net cash provided by operating activities $ (62,300) 31,400 28,000 28,000 (18,000) 7,100 $ 14,200 16 of 25 Next >