Exercise 16-3 Indirect: Reporting and interpreting cash flows from operations LO P2 Arundel Company disclosed the following information for its recent calendar year. $105,800 Income Statement Data Revenues Expenses Salaries expense Utilities expense Depreciation expense Other expenses Net loss Selected Year-End Balance Sheet Data Accounts receivable decrease $24,000 Purchased a machine for cash 19,000 Solaries payable increase 28,000 Other accrued liabilities decrease 16,000 74.000 28,000 32,200 8.900 $(38,100) Required: 1. Prepare the operating activities section of the statement of cash flows using the indirect method (Any losses or amounts to be deducted should be indicated with a minus sign.) Cash flows from operating activities