2 Exercise 16-2 Indirect: Reporting cash flows from operations LO P2 1.25 points Hampton Company reports the following information for its recent calendar year. Income Statement Data Sales $73,000 Expenses : Cost of goods sold 39,000 Salaries expense 9,000 Depreciation expense 4,000 Net income $21,000 Selected Year-End Balance Sheet Data Accounts receivable increase $7,000 Inventory decrease 4,000 Salaries payable increase 700 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.) Print References Statement of Cash Flows (partial) Cash flows from operating activities Net income Net loss $ 0