Exercise 16-3 Indirect: Reporting cash flows from operations P2 Arundel Company disclosed the following information for its recent calendar year. Prepare the operating activities section of the statement of cash flows using the indirect method. Income Statement Data Revenues.. Exponses: Salaries expense Utilities expense Depreciation expense Other expenses.. Not loss $100,000 84.000 14,000 14,600 3.400 $ (16,000 Selected Year-End Balance Sheet Data Accounts receivable decrease $24,000 Purchased a machine for cash 10,000 Salaries payable increase 18.000 Other accrued liabilities decrease. 8,000