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Sales Expenses $80,000 Accounts receivable increase $5,000 4,000 900 Inventory decrease Cost of goods sold Salaries expense Depreciation expense 8,00 38,000 Salaries payable increase 14,000
Sales Expenses $80,000 Accounts receivable increase $5,000 4,000 900 Inventory decrease Cost of goods sold Salaries expense Depreciation expense 8,00 38,000 Salaries payable increase 14,000 Net income $20,000 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.) Cash flows from operating activities
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