Cash Flows from Operating ActivitiesIndirect Method

Staley Inc. reported the following data:

Net income	$329,200
Depreciation expense	58,300
Loss on disposal of equipment	23,700
Increase in accounts receivable	19,000
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 outflows, cash payments, decreases in cash, or any negative adjustments.

Staley Inc.
Statement of Cash Flows (partial)
Cash flows from operating activities:
Net income	$
Adjustments to reconcile net income to net cash flow from operating activities:
Depreciation expense
Loss on disposal of equipment
Changes in current operating assets and liabilities:
Increase in accounts receivable
Increase in accounts payable
Net cash flow from operating activities		$