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Arundel Company Statement of Cash Flows (partial) Cash flows from operating activities (indirect method) ? Net Loss ? Adjustments to reconcile net income to net

Arundel Company

Statement of Cash Flows (partial)
Cash flows from operating activities (indirect method)?
Net Loss?
Adjustments to reconcile net income to net cash by operating activities?
Income statement items not affecting cash?
Depreciation Expense?
Changes in current operating assets and liabilities?
Total?
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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 Net loss Selected Year-End Balance Sheet Data $ 85,000 Accounts receivable decrease Purchased a machine for cash 70,000 Salaries payable increase 35,000 Interest payable decrease 28,400 8,900 $ (57,300) $ 24,000 22,000 24,000 17,000

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