ces Arundel Company disclosed the following information for its recent calendar year. Income Statement Data Selected...

 

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ces Arundel Company disclosed the following information for its recent calendar year. Income Statement Data Selected Year-End Balance Sheet Data Accounts receivable decrease Purchased a machine for cash Salaries payable increase 33,000 Interest payable decrease 29,600 $ 24,000 20,000 26,000 13,000 Revenues Expenses: Salaries expense $ 95,000 73,000 Utilities expense Depreciation expense Interest expense 8,900 Net loss $ (49,500) Prepare the operating activities section of the statement of cash flows using the indirect method. Note: 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 items not affecting cash Changes in current operating assets and liabilities ces Arundel Company disclosed the following information for its recent calendar year. Income Statement Data Selected Year-End Balance Sheet Data Accounts receivable decrease Purchased a machine for cash Salaries payable increase 33,000 Interest payable decrease 29,600 $ 24,000 20,000 26,000 13,000 Revenues Expenses: Salaries expense $ 95,000 73,000 Utilities expense Depreciation expense Interest expense 8,900 Net loss $ (49,500) Prepare the operating activities section of the statement of cash flows using the indirect method. Note: 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 items not affecting cash Changes in current operating assets and liabilities