Question: Cash Flows from Operating Activities-Indirect Method Staley Inc. reported the following data: Net income $229,400 Depreciation expense 58,100 Loss on disposal of equipment 24,600 Increase

Cash Flows from Operating Activities-Indirect Method Staley Inc. reported the following data: Net income $229,400 Depreciation expense 58,100 Loss on disposal of equipment 24,600 Increase in accounts receivable 22,100 Increase in accounts payable 10,600 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: Adjustments to reconcile net income to net cash flow from operating activities: Changes in current operating assets and liabilities: Q II II Staley Inc. reported the following data: Net income Depreciation expense $229,400 58,100 Loss on disposal of equipment 24,600 Increase in accounts receivable 22,100 Increase in accounts payable 10,600 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. Cash flows from operating activities: Staley Inc. Statement of Cash Flows (partial) Adjustments to reconcile net income to net cash flow from operating activities: Changes in current operating assets and liabilities: Net cash flow from operating activities 00 00 0

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