Cash Flows from Operating Activities s - Indirect Method

Staley Inc. reported the following data: Net income $343,100 73,400 Depreciation expense Loss on disposal of equipment Increase in accounts receivable Increase in accounts payable 25,000 22,400 10,000 Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments. Staley Inc. Statement of Cash Flows (partial) Cash flows from operating activities: Adjustments to reconcile net income to net cash flow from operating activities: Changes in current operating assets and liabilities: 8 Net cash flow from operating activities