Question: Cash flows from (used for) operating activitiesindirect method Staley Inc. reported the following data: Line Item Description Amount Net income $329,400 Depreciation expense 64,000 Loss

Cash flows from (used for) operating activitiesindirect method Staley Inc. reported the following data: Line Item Description Amount Net income $329,400 Depreciation expense 64,000 Loss on disposal of equipment 20,400 Increase in accounts receivable 16,100 Increase in accounts payable 12,700 Prepare the "Cash flows from (used for) operating activities" section of the statement of cash flows, using the indirect method

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