Exercise 16-2 (Static) Indirect: Reporting cash flows from operations LO P2 Hampton Company reports the following information for its recent calendar year Income Statt Data Sales Expenses Cost of goods sold i Salaries expense Depreciation expense Net Income Required Selected Year-End Balance Sheet Du $160,000 Accounts receivable increase $10,000 Inventory decrease 16,000 1,000 100,000 Salaries payable increase 24,000 13,000 $ 24,000 Prepare the operating activities section of the statement of cash flows using the indirect method (Amour Indicated with a minus sign) Statement of Cash Flown (partial) Cash flows from operating activities-indirect method Net income Adjustments to reconole net income to net cash provided by operating activities Income statement fems not affecting cash Depreciation expense Changes in cument operating assets and labites e here to search * D S Ore