Final Part 2 Cash Flows from Operating Activities --Indirect Method Staley Inc. reported the following data: Net income $492,700 Depreciation expense 52,900 Loss on disposal of equipment 20,400 Increase in accounts receivable 14,100 Increase in accounts payable 11,500 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 Mows, 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 now from operating activities Changes in current operating assets and abilities: Net cash flow from operating activities