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Arundel Company disclosed the following information for its recent calendar year. Income Statement Data. Revenues Expenses: Salaries expense Utilities expense. Depreciation expense Interest expense
Arundel Company disclosed the following information for its recent calendar year. Income Statement Data. Revenues Expenses: Salaries expense Utilities expense. Depreciation expense Interest expense 36:25 Net loss ok Selected Year-End Balance Sheet Data $115,000 Accounts receivable decrease Purchased a machine for cash 71,000 Salaries payable increase 29,000 Interest payable decrease 32,200 7,600 $ (24,800) $ 26,000 20,000 24,000 14,000 Prepare the operating activities section of the statement of cash flows using the indirect method. (Amounts to indicated with a minus sign.) nces 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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