Test 4: Chapters 10-12 3 10 poin 2 oso Served Hampton Company reports the following information for its recent calendar year. Income Statement Data) Sales Expenses) Cost of goods sold Salaries expense Depreciation expense Net income Required: $ 76,000 Accounts receivable increase Selected Year-End Balance Sheet Data $9,000 5,000 800 Inventory decrease 40,000 salaries payable increase 11,000 7,000 $18,000 Help Save & Exit Submit 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-indirect mathod Adjustments to reconcile net income to net cash provided by operating adivities Income statement itams not affecting cash Changes in current operating assets and abilities Mc Graw < Prev 3 of 29 Next > 40009