Answer Happy

Hampton Company reports the following information for its recent calendar year. Income Statement Data Sales Selected Year-End Balance Sheet Datal Accounts receivable increase $ 76,000 Inventory decrease 40,000 Salaries payable increase Expenses: Cost of goods sold Salaries expense Depreciation expense Net income 11,000 6,000 $ 19,000 Required: 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-indirect method Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash Changes in current operating assets and liabilities Prev $ 8,000 3,000 600 1 of 6 Next >