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Exercise 1 2 - 3 ( Algo ) Indirect: Reporting cash flows from operations LO P 2 Arundel Company disclosed the following information for its

Exercise 12-3(Algo) Indirect: Reporting cash flows from operations LO P2
Arundel Company disclosed the following information for its recent calendar year.
Income Statement Data Selected Year-End Balance Sheet Data
Revenues $ 95,000 Accounts receivable decrease $ 23,000
Expenses: Purchased a machine for cash 17,000
Salaries expense 70,000 Salaries payable increase 25,000
Utilities expense 32,000 Interest payable decrease 12,000
Depreciation expense 32,800
Interest expense 7,300
Net loss $ (47,100)
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.

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