Question: 799 Statement of Cash Flows Chapter 16 OBJ. 2 EE164 a77 PE 16-4B Cash flows from operating activities-inc Staley Inc. reported the following data ow

799 Statement of Cash Flows Chapter 16 OBJ. 2 EE164 a77 PE 16-4B Cash flows from operating activities-inc Staley Inc. reported the following data ow Net income Depreciation expense Loss on disposal of equipment Increase in accounts receivable Increase in accounts payable $280,000 48,000 9,520 7,280 8,960 Prepare the Cash flows using the indirect method. thoefom operating activities section of the statement of cash flows, activities

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