1 10 points Exercise 12-2 (Algo) Indirect: Reporting cash flows from operations LO P2 Hampton Company reports the following information for its recent calendar year Income Statement Data Sales Expenses Cost of goods sold Selected Year-End Balance Sheet Data $71,000 Accounts receivable increase Inventory decrease 39,000 Salaries payable increase 58,000 5.000 700 01:28:42 Hint Prim References Salaries expense Depreciation expense 13.000 7,000 12,000 Net incone Required: 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 method Adjustments to reconcile net income to net cash provided by operating activities Income statement Bems not affecting cash Changes in current operating assets and liabilities