Exercise 12-3 Indirect: Reporting and interpreting cash flows from operations LO P2 Arundel Company disclosed the following information for its recent calendar year Selected Year-End Balance Sheet Data Income Statement Data $105,000 Accounts receivable decrease Purchased a machine for cash Salaries payable increase Other accrued liabilities decrease $29,000 17,000 25,000 15,000 Revenues Expenses Salaries expense Utilities expense Depreciation expense Other expenses 71,000 33,000 31,000 7,300 $ (37,300) Net loss Required 1. Prepare the operating activities section of the statement of cash flows using the indirect method. (Any losses or amounts to be deducted should be indicated with a minus sign.) Cash flows from operating activities