Cash flows from $($used for$)$ operating activities$$indirect method

Staley Inc. reported the following data:

Line Item Description Amount

Net income $$448,700$

Depreciation expense $51,700$

Loss on disposal of equipment $30,400$

Increase in accounts receivable $15,500$

Increase in accounts payable $11,300$

Prepare the "Cash flows from $($used for$)$ 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.