Exercise 12-3 Indirect: Reporting and interpreting cash flows from operations LO P2 Arundel Company disclosed the following information for its recent calendar year $120,000 Income Statement Data Revenues Expenses Salaries expense Utilities expense Depreciation expense Other expenses Net loss Selected Year-End Balance Sheet Data Accounts receivable decrease $29,000 Purchased a machine for cash 22,000 Salaries payable increase 27,000 Other accrued liabilities decrease 18,000 73,000 32,000 32,000 8,900 $(25,980) I Prepare the operating activities section of the statement of cash flows using the indirect method (Any loss or amounts to be deducted should be indicated with a minus sign.) Statement of Cash Flows (partin) Cash flows from operating activities