Cash flows from (used for) operating activities-indirect method Staley Inc. reported the following data: 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. Staley Inc. Statement of Cash Flows (partial) Line Item Description Amount Amount Cash flows from (used for) operating activities: Adjustments to reconcile net income to net cash flows from (used for) operating activities: Changes in current operating assets and liabilities: Net cash flows from operating activities