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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 $ 73,000 Accounts receivable increase

Hampton Company reports the following information for its recent calendar year.

Income Statement Data Selected Year-End Balance Sheet Data
Sales $ 73,000 Accounts receivable increase $ 9,000
Expenses Inventory decrease 3,000
Cost of goods sold 38,000 Salaries payable increase 700
Salaries expense 11,000
Depreciation expense 8,000
Net 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.) image text in transcribed

Cash flows from operating activities

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