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ces Arundel Company disclosed the following information for its recent calendar year. Income Statement Data Selected Year-End Balance Sheet Data Accounts receivable decrease Purchased
ces Arundel Company disclosed the following information for its recent calendar year. Income Statement Data Selected Year-End Balance Sheet Data Accounts receivable decrease Purchased a machine for cash Salaries payable increase 33,000 Interest payable decrease 29,600 $ 24,000 20,000 26,000 13,000 Revenues Expenses: Salaries expense $ 95,000 73,000 Utilities expense Depreciation expense Interest expense 8,900 Net loss $ (49,500) Prepare the operating activities section of the statement of cash flows using the indirect method. Note: 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 operating assets and liabilities
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