Kennedy, Inc. reported the following data:

Line Item Description Amount

Net income $$138,517$

Depreciation expense $16,533$

Loss on disposal of equipment $(11,313)$

Gain on sale of building $18,259$

Increase in accounts receivable $8,060$

Decrease in accounts payable $(3,985)$

Prepare the operating activities section of the statement of cash flows using the indirect method. Use the minus sign to indicate cash outflows, a decrease in cash, cash payments, or any negative adjustments.

Kennedy, Inc.

Statement of Cash Flow

Line Item Description Amount Amount

Cash flows from $($used for$)$ operating activities:

$$-$ Select $-$

Adjustments to reconcile net income to net cash flows from $($used for$)$ operating activities:

$-$ Select $-$

$-$ Select $-$

$-$ Select $-$

Changes in current operating assets and liabilities:

$-$ Select $-$

$-$ Select $-$

Net cash flows from operating activities $Net cash flows from operating activities