Exercise 12-3 Indirect: Reporting and interpreting cash flows from operations LO P2 Arundel Company disclosed the following information for its recent calendar year. Income Statement Data Selected Year-End Balance Sheet Data Revenues $100,000 Accounts receivable decrease $24,000 Expenses: Purchased a machine for cash 19,000 Salaries expense 74,000 Salaries payable increase 23,000 Utilities expense 35,000 other accrued liabilities decrease 18,000 Depreciation expense 31,400 Other expenses 8.000 Net loss $(48,400) 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.) ces Statement of Cash Flows (partial) Cash flows from operating activities $ 0