Arundel Company disclosed the following information for its recent calendar year. ...
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Accounting
Arundel Company disclosed the following information for its recent calendar year.
Income Statement Data
Selected Year-End Balance Sheet Data
Revenues
$85,000
Accounts receivable decrease
$26,000
Expenses
Purchased a machine for cash
21,000
Salaries expense
68,000
Salaries payable increase
23,000
Utilities expense
32,000
Other accrued liabilities decrease
14,000
Depreciation expense
31,000
Other expenses
6,800
Net loss
$ (52,800)
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.)
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