Cash Flows from Operating ActivitiesIndirect Method

Staley Inc. reported the following data:

Net income	$448,600
Depreciation expense	53,600
Loss on disposal of equipment	30,400
Increase in accounts receivable	24,200
Increase in accounts payable	12,200

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.

Staley Inc.
Statement of Cash Flows (partial)
Cash flows from operating activities:
Net income	$fill in the blank 2
Adjustments to reconcile net income to net cash flow from operating activities:
Depreciation	fill in the blank 4
Loss on disposal of equipment	fill in the blank 6
Changes in current operating assets and liabilities:
Increase in accounts receivable	fill in the blank 8
Increase in accounts payable	fill in the blank 10
Net cash flow from operating activities		$fill in the blank 11