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Arundel Company disclosed the following information for its recent calendar year. $ 100,000 Income Statement Data Revenues Expenses: Salaries expense Utilities expense Depreciation expense Interest
Arundel Company disclosed the following information for its recent calendar year. $ 100,000 Income Statement Data Revenues Expenses: Salaries expense Utilities expense Depreciation expense Interest expense Net loss Selected Year-End Balance Sheet Data Accounts receivable decrease Purchased a machine for cash Salaries payable increase Interest payable decrease $ 24,000 10,000 18,000 8,000 84,000 14,000 14,600 3,400 $ (16,000) 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 assets and liabilities 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 assets and liabilities $ 0 Statement of Cash Flows (partial) Cash flows from operating activities-indirect method not too badanthranacetinetinitin. Net income Net loss $
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