Cash Flows from Operating Activities-Indirect Method Staley Inc. reported the following data: Net income Depreciation expense Loss on disposal of equipment Increase in accounts receivable Increase in accounts payable $385,500 69,200 25,700 28,400 12,400 Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the indireat method. Use the minus sign to indicate cash payments, decreases in cash, or any negative adjustments. Staley Inc. Statement of Cash Flows (partial) Cash flows from operating activities: Changes in current operating assets and liabilities