20 Exercise 16-3 Indirect: Reporting and interpreting cash flows from operations LO P2 3.44 points Skipped Arundel Company disclosed the following information for its recent calendar yeat Income statement Data Selected Year-End Balance Sheet Data Revenues $ 90,000 Accounts receivable decrease $29,000 Expenses: Purchased a machine for cash 22.000 Salaries expense 68,000 Salaries payable increase 24,000 Utilities expense 35,000 Other accrued liabilities decrease 13,000 Depreciation expense 28,600 Other expenses 7.300 Not loss $(48,900) eBook Het Prepare the operating activities section of the statement of cash flows using the indirect method (Any loss or amounts to be deducted should be indicated with a minus sign.) ASK Statement of Cash Flows (partial) Cash flows from operating activities Print