Hampton Company reports the following information for its recent calendar year. PM Income Statement Data Sales $160,000 Expenses: Cost of goods sold 100,000 Salarios expense 24,000 Depreciation expense 12,000 Net income $ 24,000 Selected Year-End Balance Sheet Data Accounts receivable increase $10,000 Inventory decrease 16.000 Salaries payable increase 1.000 2x2 Required: 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.) 10.5 Statement of Cash Flows (partial) Cash flows from operating activities Net Income $ Depreciation expense 24,000 isk should be indicated with a minus sign.) Statement of Cash Flows (partial) Cash flows from operating activities Net income $ 24,000 Depreciation expense $ 24,000 Check my work Arundel Company disclosed the following information for its recent calendar year. Income Statement Data Revenues $100,000 Expenses Salaries expense 84,000 Utilities expense 14,000 Depreciation expense 14,600 Other expenses 3,400 Net loss $(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 Prepare the operating activities section of the statement of cash flows using the indirect method (Any loss or amounts to be deducted should be indicated with a minus sign.) Statement of Cash Flows (partial) Cash flows from operating activities Statement of Cash Flows (partial) Cash flows from operating activities EA $ 0