I need help with this Check mHampton Company reports the following information for its recent calendar year.Income Statement DataSalesExpenses:Cost of goods soldSalaries expenseDepreciation expenseSelected Year-End Balance Sheet DataAccounts receivable increase$77,000Inventory decreaseSalaries payable increase$5,0003,00060038,0008,0006,000Net income$25,000Required:Prepare the operating activities section of the statement of cash flows using the indirect method. (Amounts to be deducted should beindicated with a minus sign.)hcesStatement of Cash Flows (partial)Cash flows from operating activities%24< Prev3 of 10Next >

SOLUTION CASH FLOW STATEMENT IS A FINANCIAL STATEMENT THAT SUMMARIZES THE AMOUNT OF CASH AND CASH…

Hampton Company reports the following information for its recent calendar year. Income Statement Data Selected Year-End Balance Sheet Data Accounts receivable increase Inventory decrease Salaries payable increase Sales $77,000 $5, 000 3, 000 Expenses: Cost of goods sold Salaries expense Depreciation expense 38,000 8,000 6,000 600 Net income $25,000 Required: 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.) Statement of Cash Flows (partial) Cash flows from operating activities