Exercise 12-3 (Static) Indirect : Reporting cash flows from operations LO P2 Arundel Company disclosed the following information for its recent calendar year . Income Statement Data Revenues $100,000 Expenses: Salaries expense 84,000 Utilities expense 14,000 Depreciation expense 14,600 Interest expense3,400 Net loss \$(16,000) Selected Year-End Balance Sheet Data Accounts receivable decrease $ 24,000 Purchased a machine for cash 10,000 Salaries payable increase 18,000 Interest payable decrease 8,000 Prepare the operating activities section of the statement of cash flows using the indirect method. ( indicated with a minus

Exercise 12-3 (Static) Indirect: Reporting 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 10,000 Salaries expense 84,000 Salaries payable increase 18,000 Utilities expense 14,000 Interest payable decrease 8,000 Depreciation expense 14,600 Interest expense 3,400 Net loss $(16,000) Prepare the operating activities section of the statement of cash flows using the indirect method (Amounts to be dedu indicated with a minus sign.) Statement of Cash Flows (partial) Net loss $(16,000) 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 Adjustments to reconcile net income to net cash provided by operating activities: Income statement items not affecting cash Changes in current assets and liabilities S