Cash Flows from Operating ActivitiesIndirect Method Staley Inc. reported the following data:

Net income $247,500 Depreciation expense 79,300 Loss on disposal of equipment 22,400 Increase in accounts receivable 20,800 Increase in accounts payable 12,000 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:
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