Exercise 16-2 Indirect: Reporting cash flows from operations LO P2 Hampton Company reports the following information for its recent calendar year. Income Statement Data Sales $ 79,000 Expenses Cost of goods sold 40,000 Salaries expense 11,000 Depreciation expense 8,000 Net Income $20,000 Selected Year-End Balance sheet Data Accounts receivable Increase $7,000 Inventory decrease 5,000 Salaries payable increase 900 Required: Prepare the operating activities section of the statement of cash flows for Hampton Company using the indirect method. (Amounts to be deducted should be indicated with a minus sign.) Cash flows from operating activities $ 0