Exercise $12-3($Algo$)$ Indirect: Reporting cash flows from operations LO P$2$

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.