exercise 12-3 (static) indirect: reporting cash flows from operations lo p2 arundel company disclosed the following information for its recent calendar year. income statement data selected year-end balance sheet data revenues $ 100,000 accounts receivable decrease $ 24,000 expenses: purchased a machine for cash 10,000 salaries expense 84,000 salaries payable increase 18,000 utilities expense 14,000 interest payable decrease 8,000 depreciation expense 14,600 interest expense 3,400 net loss $ (16,000) prepare the operating activities section of the statement of cash flows using the indirect method.