Question: Cash Flows from Operating ActivitiesIndirect Method Staley Inc. reported the following data: Net income $366,400 Depreciation expense 64,600 Loss on disposal of equipment 21,700 Increase

Cash Flows from Operating ActivitiesIndirect Method

Staley Inc. reported the following data:

Net income	$366,400
Depreciation expense	64,600
Loss on disposal of equipment	21,700
Increase in accounts receivable	21,200
Increase in accounts payable	11,400

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:
	$fill in the blank 2
Adjustments to reconcile net income to net cash flow from operating activities:
	fill in the blank 4
	fill in the blank 6
Changes in current operating assets and liabilities:
	fill in the blank 8
	fill in the blank 10
Net cash flow from operating activities		$fill in the blank 11

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