eBook Show Me How Cash Flows from Operating Activities-Indirect Method Staley Inc. reported the following data: Net income $296,000 Depreciation expense 76,300 Loss on disposal of equipment 35,200 Increase in accounts receivable 22,200 Increase in accounts payable 12,300 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 out flows, cash payments, decreases in cash, or any negative adjustments. Staley Inc. Statement of Cash Flows (partial) Cash flows from operating activities Adjustments to reconcile net income to net cash flow from operating activities Changes in current operating assets and liablities: Net cash flow from operating activities Check My Work Q 00 00 0 Previous Next All work saved Email Instructor Save and Exit Submit Assignment for Grading