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Exercise 16-2 Indirect: Reporting cash flows from operations LO P2 Hampton Company reports the following information for its recent calendar year. $78,00 Income Statement Data
Exercise 16-2 Indirect: Reporting cash flows from operations LO P2 Hampton Company reports the following information for its recent calendar year. $78,00 Income Statement Data Sales Expenses Cost of goods sold Salaries expense Depreciation expense Net Income Selected Year-End Balance Sheet Data Accounts receivable increase $6.000 Inventory decrease 4.000 salaries payable increase 37,000 10.000 6.000 $25,000 Required: Prepare the operating activities section of the statement of cash flows for Hampton Company using the indirect method (Amounts to be deducted should be indicated with a minus sign.) Cash flows from operating activities
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