Create operating activities section of cash flows statement


Response to the following problem:

In the current year, Harrisburg Corporation had net income of $35,000, a $9,000 decrease in accounts receivable, a $7,000 increase in inventory, an $8,000 increase in salaries payable, a $13,000 decrease in accounts payable, and $10,000 in depreciation expense.

Using the indirect method, prepare the operating activities section of its statement of cash flows based on this information.

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Accounting Basics: Create operating activities section of cash flows statement
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