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Hampton Company reports the following information for its recent calendar year. Income Statement Data Sales $78,000 Selected Year-End Balance Sheet Data Accounts receivable $8,000 increase
Hampton Company reports the following information for its recent calendar year. Income Statement Data Sales $78,000 Selected Year-End Balance Sheet Data Accounts receivable $8,000 increase Inventory decrease 2,000 Salaries payable increase 900 02:29:42 37,000 11,000 Expenses Cost of goods sold Salaries expense Depreciation expense Net income 5,000 $25,000 eBook 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
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