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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 $ 76,000 Accounts receivable increase

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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 $ 76,000 Accounts receivable increase $ 9,000 Expenses: Inventory decrease 3, eee Cost of goods sold 42,000 salaries payable increase Salaries expense 10,000 Depreciation expense 8,000 Net income $ 16,000 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.) 900 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 Depreciation expense Changes in current operating assets and abilities Accounts receivable increase Inventory decrease Salaries payable increase $

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