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Kennedy, Inc. reported the following data:

Line Item Description Amount

Net income $$141,489$

Depreciation expense $16,543$

Loss on disposal of equipment $(10,204)$

Gain on sale of building $18,176$

Increase in accounts receivable $7,643$

Decrease in accounts payable $(2,528)$

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 activitiesKennedy, Inc. reported the following data:

Kennedy, Inc.

Statement of Cash Flow

Line Item Description

Amount Amount

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

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

Changes in current operating assets and liabilities:

Net cash flows from operating activities

$ Line Item Descr

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

Increase in accounts payable

me to net cash

Increase in accounts receivable

Loss from disposal of equipment

Net income

Prepaid insurance Adjustments to reconcile net income to net cash f

Depreciation

Equipment

Increase in accounts payable

Chang Increase in accounts receivable liabilities:

Supplies Adjustments to reconcile net income to net

Decrease in accounts payable

Increase in accounts payable

Increase in accounts receivable

Loss from disposal of equipment

SuppliesAdjustments to reconcile net income to

Chang

Decrease in accounts receivable

Gain on sale of building

Increase in accounts receivable

Prepaid insurance

Supplies

Net cash flows from operating activi The last two blanks' choice are Depreciation $,$Gain on sale of building, Increase in accounts payable,, Increase in accounts receivable, Loss from disposal of equipment $.$ The last blank: Decrease in accounts payable, Decrease in accounts receivable, Depreciation

activities

Increase in accounts payableLoss from disposal of equipment