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

Income Statement Data Selected Year$-$End Balance Sheet Data

Sales $ $160,000$ Accounts receivable increase $ $10,000$

Expenses: Inventory decrease $16,000$

Cost of goods sold $100,000$ Salaries payable increase $1,000$

Salaries expense $24,000$

Depreciation expense $12,000$

Net income $ $24,000$

Required:

Prepare the operating activities section of the statement of cash flows using the indirect method.

Note: Amounts to be deducted should be indicated with a minus sign.