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Hampton Company reports the following Information for its recent calendar year. Income Statement Data Sales $79,000 Expenses: Cost of goods sold 42,000 Salaries expense 13,000

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Hampton Company reports the following Information for its recent calendar year. Income Statement Data Sales $79,000 Expenses: Cost of goods sold 42,000 Salaries expense 13,000 Depreciation expense 5,000 Net income $19,000 Selected Year-End Balance Sheet Data Accounts receivable increase $6,000 Inventory decrease 5,000 Salaries payable increase 700 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.) Statement of Cash Flows (partial) Cash flows from operating activities Net Income 19 Net loss Depreciation expense Net income 5,000 $19,000 Required: Prepare the operating activities section of the statement of cash flows usi Indicated with a minus sign.) es Statement of Cash Flows (partial) Cash flows from operating activities Accounts receivable decrease Accounts receivable increase Cash paid for merchandise inventory Cash paid for salaries Cash receipts from customers Depreciation expense

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