Question: Cash Flows from Operating Activities-Indirect Method Staley Inc. reported the following data: Net income $362,700 Depreciation expense 76,400 Loss on disposal of equipment 21,800

Cash Flows from Operating Activities-Indirect Method Staley Inc. reported the following data: Net income $362,700 Depreciation expense 76,400 Loss on disposal of equipment 21,800 Increase in accounts receivable 14,500) Increase in accounts payable 11,600 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.

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