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Hampton Company reports the following information for its recent calendar year Income statest Data Selected Year-End Balance Sheet Data Sales $75,000 Accounts receivable Increase Expenses
Hampton Company reports the following information for its recent calendar year Income statest Data Selected Year-End Balance Sheet Data Sales $75,000 Accounts receivable Increase Expenses $5,000 Twentory decrease Cost of goods sold 30,000 Salaries payable increase 3,000 Salaries expense 700 12.000 Depreciation expense 3.000 et income 516,000 be Book 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.) Hint Canoas som operating acties Adjustments to che ne come to be cash provided by operating acties income statement tening cash Changes in contents Hampton Company reports the following information for its recent calendar year Income Statement Data Selected Year-End Balance Sheet Data Sales $75,000 Accounts receivable Increase $5.00 Expenses Inventory decrease 3,000 Cost of goods solo 39,000 Salaries payable Increase 700 Salaries expense 12.000 Depreciation expense tut Income $16.000 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.) Cashflows from operating actives Austments to reconcile et income to the provided by operating activities income statement is not a tengah Changes in copertinantsands 5
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