Arundel Company disclosed the following information for its recent calendar year.

Exercise 16-3 Indirect: Reporting and interpreting cash flows from operations LO P2 Arundel Company disclosed the following information for its recent calendar year. Income Statement Data Revenues $100,000 Expenses Salaries expense 75,000 Utilities expense 33,000 Depreciation expense 32,800 Other expenses 8,800 Net loss $ (49,600) Selected Year-End Balance Sheet Data Accounts receivable decrease $26,000 Purchased a machine for cash 23,000 Salaries payable increase 24,000 Other accrued liabilities decrease 12,000 Required: 1. Prepare the operating activities section of the statement of cash flows using the indirect method. (Any losses or amounts to be deducted should be indicated with a minus sign.) Cash flows from operating activities $