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MEN VON Income Statement Data Sales $77,000 Expenses Cost of goods sold 41,000 Salaries expense 10,000 Depreciation expense 5,000 Net income $21,000 Selected Year-End Balance
MEN VON Income Statement Data Sales $77,000 Expenses Cost of goods sold 41,000 Salaries expense 10,000 Depreciation expense 5,000 Net income $21,000 Selected Year-End Balance Sheet Data Accounts receivable increase $9,000 Inventory decrease 2,000 Salaries payable increase 800 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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