Arundel Company disclosed the following information for its recent calendar year.Selected Year-End Balance Sheet DatalAccounts receivable decreasePurchased a machine for cashSalaries payable increaseInterest payable decreaseIncome Statement DataRevenuesExpenses:Salaries expenseUtilities expenseDepreciation expenseInterest expenseNet loss$ 115,00073,00035,00031, 2008,100$ (32,300)Prepare the operating activities section of the statement of cash flows using the indirect method. (Amounts to bededucted should be indicated with a minus sign.)Statement of Cash Flows (partial)Cash flows from operating activities-indirect methodAdjustments to reconcile net income to net cash provided by operating activitiesIncome statement items not affecting cash$ 29,00020,00026,00017,000Changes in current operating assets and liabilities

Name: Arundel Company disclosed the following information for its recent ca
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Description: Arundel Company disclosed the following information for its recent calendar year.Selected Year-End Balance Sheet DatalAccounts receivable decreasePurchased a machine for cashSalaries payable increaseInterest payable decreaseIncome Statement DataReve

While preparing Cash Flow Statement using Indirect Method, Cash Flow from Operating section is…

Business

Accounting

ncome Statement Data evenues expenses: Salaries expense Utilities expense Depreciation expense Interest expense et loss $ 115,000 73,000 35,000 31, 200 8,100 $ (32,300) Selected Year-End Balance Sheet Data Accounts receivable decrease Purchased a machine for cash Salaries payable increase Interest payable decrease $ 29,000 20,000 26,000 17,000 pare the operating activities section of the statement of cash flows using the indirect method. (Am ducted should be indicated with a minus sign.)

ncome Statement Data evenues expenses: Salaries expense Utilities expense Depreciation expense Interest expense et loss $ 115,000 73,000 35,000 31, 200 8,100 $ (32,300) Selected Year-End Balance Sheet Data Accounts receivable decrease Purchased a machine for cash Salaries payable increase Interest payable decrease $ 29,000 20,000 26,000 17,000 pare the operating activities section of the statement of cash flows using the indirect method. (Am ducted should be indicated with a minus sign.)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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I need some assistance in Preparing the operating activities section of the statement of cash flows using the direct method. See attached images for the inputs. I have been getting "bounced" on the yellow sections for incorrect values