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 Selected Year-End Balance Sheet Data Sales Expenses $160,000 Accounts receivable increase Inventory decrease $10,000 16,000 1,000 100,000 Salaries payable increase Cost of goods sold salaries expense Depreciation expense 24,000 12,000 24,000 Net income 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