Hampton Company reports the following information for its recent calendar year.
| Sales | $160,000 |
|---|---|
| Expenses | |
| Cost of goods sold | 100,000 |
| Salaries expense | 24,000 |
| Depreciation expense | 12,000 |
| Net income | $24,000 |
| Accounts receivable increase | $10,000 |
| Inventory decrease | 16,000 |
| Salaries payable increase | 1,000 |
Required:
Prepare the operating activities section of the statement of cash flows for Hampton Company using the indirect method (Amounts to be deducted should be indicated with a minus sign.)
