Cash flows from (used for) operating activitiesindirect method

Staley Inc. reported the following data:

	Amount
Net income	$405,200
Depreciation expense	81,750
Loss on disposal of equipment	22,300
Increase in accounts receivable	11,000
Increase in accounts payable	4,710

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.

Line Item Description	Amount	Amount
Cash flows from (used for) operating activities:
DepreciationIncrease in accounts payableIncrease in accounts receivableLoss on disposal of equipmentNet income	$
Adjustments to reconcile net income to net cash flows from (used for) operating activities:
Decrease in accounts payableDepreciationIncrease in accounts payableIncrease in accounts receivableNet income	$
Decrease in accounts payableDecrease in accounts receivableIncrease in accounts payableIncrease in accounts receivableLoss on disposal of equipment	$
Changes in current operating assets and liabilities:
Decrease in accounts receivableDepreciationIncrease in accounts receivableLoss on disposal of equipmentNet income	$
Decrease in accounts payableDepreciationIncrease in accounts payableLoss on disposal of equipmentNet income	$
Net cash flows from operating activities		$