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 $73,000 Expenses: Cost of goods sold 40,000 Salaries expense 12,000 Depreciation expense 6,000 Net income $15,000 Selected Year-End Balance Sheet Data Accounts receivable increase $8,000 Inventory decrease 2,000 Salaries payable increase 700 Required: Prepare the operating activities section of the statement of cash flows using the indirect method. (Amounts to be deducted should be indicated with a minus sign.) Statement of Cash Flows (partial) Cash flows from operating activities