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 | $ 25,000 |
| Expenses: | Purchased a machine for cash | 19,000 | |
| Salaries expense | 73,000 | Salaries payable increase | 28,000 |
| Utilities expense | 29,000 | Interest payable decrease | 17,000 |
| Depreciation expense | 30,400 | ||
| Interest expense | 7,800 | ||
| Net loss | $ (55,200) |
Prepare the operating activities section of the statement of cash flows using the indirect method.
Note: Enter amounts to be deducted as negative values.
Solution
