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Exercise 12-3 (Algo) Indirect: Reporting cash flows from operations LO P2 Arundel Company disclosed the...

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Accounting

Exercise 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 $ 85,000 Accounts receivable decrease $ 24,000
Expenses: Purchased a machine for cash 18,000
Salaries expense 71,000 Salaries payable increase 26,000
Utilities expense 28,000 Interest payable decrease 17,000
Depreciation expense 29,400
Interest expense 8,700
Net loss $ (52,100 )

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.)

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