Exercise 16-3 (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 $ 105,000 Accounts receivable decrease Expenses: Purchased a machine for cash Salaries expense 69,000 Salaries payable increase Utilities expense 30,000 Interest payable decrease Depreciation expense 31,200 Interest expense 8,800 Net loss $ (34,000) $ 24,000 20,000 25,000 18,000 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.) Statement of Cash Flows (partial) Cash flows from operating activitiesindirect method Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash Changes in current operating assets and liabilities S 0