Hampton Company reports the following information for its recent calendar year. Income Statement Data Selected Year-End Balance Sheet Data Sales $ 76,090 Accounts receivable increase $ 9,000 Expenses : Inventory decrease 5,900 Cost of goods sold 36,000 Salaries payable increase 700 Salaries expense 9,090 Depreciation expense 7,000 Net income $ 24,090 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.) Statement of Cash Flows (partial) Cash flows from operating activities-indirect method Net income 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 Net cash provided by operating activities $DpTiLLJK is considering investing in an automated manufacturing system. The system requires an initial investment of $10 million, has a 20year life, and Will have zero salvage value. If the system is implemented, the company will save $860,000 per year in direct labor costs. The company requires a 10% return from its investments. Using Excel, compute the internal rate of return for the proposed investment. [Round your answer to 2 decimal places} The following income statement and additional yearend information is provided. sump COPPAH'I" Inc one Statement For Year Ended December 31 Sales $ 1,823,888 Cost of goods sold 991,868 Gross. profit 83?,888 Operating expenses Salaries expense 5 245,535 Depreciation expense 44,288 Rent expense 49,668 Amortization expensesPatents 4,288 Utilities expense 13,125 361,650 475,343 Gain on sale of equipment 6,288 Net income 5 43154-3 Accounts receivable $ 38,588 increase Accounts payable $ 12,588 decrease Inventory 25,888 increase Salaries payable 3,588 decrease Prepare the operating activities section of the statement of cash ows using the direct method. [Amounts to be deducted should be indicated with a minus sign} Cash ows from operating activities _