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	$	85,000			Accounts receivable decrease	$	24,000
Expenses:					Purchased a machine for cash		18,000
Salaries expense		71,000			Salaries payable increase		26,000
Utilities expense		28,000			Interest payable decrease		17,000
Depreciation expense		29,400
Interest expense		8,700
Net loss	$	(52,100	)

Prepare the operating activities section of the statement of cash flows using the indirect method. (Amounts to be deducted should be indicated with a minus sign.)