Cash Flows from Operating ActivitiesIndirect Method

Staley Inc. reported the following data:

Net income	$412,000
Depreciation expense	64,700
Loss on disposal of equipment	33,700
Increase in accounts receivable	15,200
Increase in accounts payable	12,700

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 out flows, cash payments, decreases in cash, or any negative adjustments.

blank Staley Inc. Statement of Cash Flows (partial)

Cash flows from operating activities:
DepreciationIncrease in accounts receivableNet income	$- Select -
Adjustments to reconcile net income to net cash flow from operating activities:
DepreciationIncrease in accounts payableIncrease in accounts receivable	- Select -
Increase in accounts payableIncrease in accounts receivableLoss on disposal of equipment	- Select -
Changes in current operating assets and liabilities:
DepreciationIncrease in accounts receivableLoss on disposal of equipment	- Select -
DepreciationIncrease in accounts payableLoss on disposal of equipment	- Select -
Net cash flow from operating activities