Cash Flows from Operating ActivitiesIndirect Method

Staley Inc. reported the following data:

Net income	$204,000
Depreciation expense	69,800
Loss on disposal of equipment	22,200
Increase in accounts receivable	16,700
Increase in accounts payable	10,600

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.

Cash flows from operating activities:
Depreciation Increase in accounts receivable Net income	$____
Adjustments to reconcile net income to net cash flow from operating activities:
Depreciation Increase in accounts payable Increase in accounts receivable	______
Increase in accounts payable Increase in accounts receivable Loss on disposal of equipment	______
Changes in current operating assets and liabilities:
Depreciation Increase in accounts receivable Loss on disposal of equipment	_____
Depreciation Increase in accounts payable Loss on disposal of equipment	____
Net cash flow from operating activities		$______