Cash Flows from Operating Activities_Indirect Method Staley Inc. reported the following data: Net income $396,200 Depreciation expense 61,250 Loss on disposal of equipment 27,600 Increase in accounts receivable 9,000 Increase in accounts payable 3,850 Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect met Staley Inc. Statement of Cash Flows (partial) Cash flows from operating activities: Net income 396,200 Adjustments to reconcile net income to net cash flow from operating activities: Depreciation 61,250 Loss on disposal of equipment 27,600 Changes in current operating assets and liabilities: Increase in accounts receivable X Increase in accounts payable 3.350 Net cash flow from operating activities o X