Woodlock Company reports the following information for its recent calendar year. Sales.................................................$80,000 Expenses Cost of goods sold....................$50,000 Salaries expenses.....................$12,000 Depreciation expense................$ 6,000 Net income........................................$12,000 Accounts Receivable increase.....$ 5,000 Inventory Decrease.........................$ 8,000 Salaries Paayable Increase.........$ 500 1. Prepare the operating activities section of the statement of cash flows for Woodlock Company using the indirect method.
