Exercise 12-2 Indirect: Reporting cash flows from operations LO P2 Hampton Company reports the following information for its recent calendar yean Income Statement Data Selected Year-End Balance Sheet Data $72,000 Sales Expenses Accounts receivable increase Inventory decrease Salaries payable increase $8,000 3,000 1,000 Cost of goods sold Salaries expense 41,000 12,000 7,000 Depreciation expense Net income $12,000 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