Exercise 12-2 Indirect: Reporting cash flows from operations LO P2 Hampton Company reports the following information for its recent calendar year. Income Statement Data Selected Year-End Balance Sheet Data 578 000 Accounscable increase Sales Accounts receivable increase Inventory decrease Salaries payable increas $6,000 5,000 Cost of goods sold Salaries expense Depreciation expense 35,000 12.000 7,000 Net income $ 24,000 Required: Prepare the operating activities section of the statement of cash flows for Hampton Company using the indirect method. (Amounts to be deducted should be indicated with a minus sign.) Cash flows from operating activities