Question: Cash Flows from Operating ActivitiesIndirect Method Staley Inc. reported the following data: Net income $462,500 Depreciation expense 56,900 Loss on disposal of equipment 32,200 Increase

Cash Flows from Operating ActivitiesIndirect Method

Staley Inc. reported the following data:

Net income $462,500

Depreciation expense 56,900

Loss on disposal of equipment 32,200

Increase in accounts receivable 29,000

Increase in accounts payable 13,000

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:
Net Income 462,500
Adjustments to reconcile net income to net cash flow from operating activities:
Depreciation
Loss on disposal of equipment 32,200
Changes in current operating assets and liabilities:
Increase in accounts receivable -29,000
Increase in accounts payable 13,000
Net cash flow from operating activities $

I am looking for help to find the depreciation and the net cash flow from operating activities.

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