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Hampton Company reports the following information for its recent calendar year Statement Data Sales Expenses Cost of goods sold Salaries expense Depreciation expense Net
Hampton Company reports the following information for its recent calendar year Statement Data Sales Expenses Cost of goods sold Salaries expense Depreciation expense Net income Required: Selected Year-End Balance Sheet Data $75,000 Accounts receivable increase Inventory decrease 41,000 Salaries payable increase 8,000 5.000 $25,000 50,000 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 activities-indrect method Net income Adjustments to reconcile net income to net cash provided by operating activities Income statement items not lecting cash Changes in current operating assets and lubilties
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