Woodlock Company reports the following information for its recent calendar year.
Sales . . . . . . . . . . . . . . . . . . . . . . . . . $80,000
Expenses
Cost of goods sold . . . . . . . . . . . . . . 50,000
Salaries expense . . . . . . . . . . . . . . . . 12,000
Depreciation expense . . . . . . . . . . . . . 6,000
Net income . . . . . . . . . . . . . . . . . . . $12,000
Accounts receivable increase . . . . . $ 5,000
Inventory decrease . . . . . . . . . . . . . . . 8,000
Salaries payable increase . . . . . . . . . . . 500
Required
Prepare the operating activities section of the statement of cash flows for Woodlock Company using the indirect method.