Exercise 12-3 Indirect: Reporting and interpreting cash flows from operatior Arundel Company disclosed the following information for its recent calendar year. Income Statement Data Revenues $ 85,000 Expenses: Salaries expense 71,000 Utilities expense 29,000 Depreciation expense 31,000 Other expenses 7,600 Net loss $ (53, 600) Selected Year-End Balance Sheet Data Accounts receivable decrease $24,000 Purchased a machine for cash 18,000 Salaries payable increase 28,000 Other accrued liabilities decrease 15,000 Prepare the operating activities section of the statement of cash flows using the indirect method (1 deducted should be indicated with a minus sign.) Statement of Cash Flows (partial) Cash flows from operating activities $ 0