19 Exercise 16-2 Indirect: Reporting cash flows from operations LO P2 3.44 points Hampton Company reports the following information for its recent calendar year. Skipped Income Statement Data Selected Year-End Balance Sheet Data Sales $77,000 Accounts receivable increase $7,000 Expenses Inventory decrease 5,000 Cost of goods sold 38,000 Salaries payable increase 700 Salaries expense 11,000 Depreciation expense 6,000 Net income $22,000 eBook Hint 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.) Ask Statement of Cash Flows (partial) Cash flows from operating activities Print References