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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 Expenses Cost of goods sold
Hampton Company reports the following information for its recent calendar year Income Statement Data Selected Year-End Balance Sheet Data Sales Expenses Cost of goods sold Salaries expense Depreciation expense $160,eee Accounts receivable increase $10,000 Inventory decrease 16,000 1,000 100,e00 Salaries payable increase 24,000 12,eee $ 24,000 Net income 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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