Question: PE 16-4B Cash flows from operating activitiesindirect method OBJ. 2 Staley Inc. reported the following data: Net income $280,000 Depreciation expense 48,000 Loss on disposal

PE 16-4B Cash flows from operating activitiesindirect method OBJ. 2 Staley Inc. reported the following data: Net income $280,000 Depreciation expense 48,000 Loss on disposal of equipment 19,520 Increase in accounts receivable 17,280 Increase in accounts payable 8,960 Prepare the Cash flows from operating activities section of the statement of cash flows, using the indirect method. how do you figure out 80%?

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