Question: PE 16-4A Determining cash flows from (used for) operating activities OBJ. 2 Featherstone Inc. reported the following data: Net income $296,000 Depreciation expense 113,100 Gain

PE 16-4A Determining cash flows from (used for) operating activities OBJ. 2 Featherstone Inc. reported the following data: Net income $296,000 Depreciation expense 113,100 Gain on disposal of equipment 58,200 Decrease in accounts receivable 71,300 Decrease in accounts payable 27,100 Prepare the Cash Flows from (used for) Operating Activities section of the statement of cash flows, using the indirect method

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