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Hampton Company reports the following information for its recent calendar year Income Statement Data Selected Year-End Balance Sheet Data Sales Expenses $72,000 Accounts receivable increase
Hampton Company reports the following information for its recent calendar year Income Statement Data Selected Year-End Balance Sheet Data Sales Expenses $72,000 Accounts receivable increase Inventory decrease $8,000 4,000 900 Cost of goods sold Salaries expense Depreciation expense 39,000 Salaries payable increase 9,000 6,000 $18,000 Net income 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 et income epreciation expense Accounts receivable increase nventory decrease alaries payable increase et cash provided by operating activities
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