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 Sales $ 76,000 Expenses Cost of goods sold 40,000 Salaries expense 8,000 Depreciation expense 5,000 Net income $23,000 Selected Year-End Balance Sheet Data Accounts receivable increase $9,000 Inventory decrease 2,000 Salaries payable increase 900 Required: Prepare the operating activities section of the statement of cash flows for Hampton Company using their be deducted should be indicated with a minus sign.) Cash flows from operating activities