xercise 12-3 (Algo) 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 $ 120,000 Accounts receivable decrease $ 29,000 Expenses: Purchased a machine for cash 23,000 Salaries expense 69,000 Salaries payable increase 24,000 Utilities expense 28,000 Interest payable decrease 18,000 Depreciation expense 30,200 Interest expense 8,600 Net loss $ (15,800) Prepare the operating activities section of the statement of cash flows using the indirect method. Note: Amounts to be deducted should be indicated with a minus sign