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Arundel Company disclosed the following information for its recent calendar year. Income Statement Data Selected Year-End...

Arundel Company disclosed the following information for its recent calendar year. Income Statement Data Selected Year-End Balance Sheet Data Revenues $ 115,000 Accounts receivable decrease $ 25,000 Expenses: Purchased a machine for cash 18,000 Salaries expense 74,000 Salaries payable increase 26,000 Utilities expense 29,000 Other accrued liabilities decrease 12,000 Depreciation expense 32,600 Other expenses 8,300 Net loss $ (28,900 ) Prepare the operating activities section of the statement of cash flows using the indirect method. (Any loss or amounts to be deducted should be indicated with a minus sign.)

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Answer #1
Arundel Company
Cash flows from Operating Activities
Particulars Amount
Cash flows from Operations
    Net Income (Net Loss) ($28900)
Adjustments to reconcile net income to net cash (Used ) provided by operating activities
Depreciation Expense $32600
Net Cash provided (used) by Operating Activities
Decrease in accounts receivable $25000
Increase in Salaries payable $74000
Decrease in other Accrued Liabilities ($12000)
Total Operating Cash flows 90700
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