Harold Company reports the following information for its recent calendar year.
sales | $70,000 |
Expenses |
|
Cost of goods sold | 40,000 |
Salaries expense | 12,000 |
Depreciation expense | 6,000 |
Net income | $12,000 |
Accounts receivable increase | $ 9,000 |
Inventory decrease | 3,000 |
Salaries payable increase | 800 |
Required
Prepare the operating activities section of the statement of cash flows for Harold Company using the indirect method.
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