Show Me How Question Content Area Cash Flows from Operating ActivitiesIndirect Method Staley Inc. reported the following data:

Net income $343,300

Depreciation expense 51,400

Loss on disposal of equipment 20,100

Increase in accounts receivable 12,900

Increase in accounts payable 11,000

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 flows, cash payments, decreases in cash, or any negative adjustments.

Staley Inc. Statement of Cash Flows (partial) Cash flows from operating activities:

Net income $

Adjustments to reconcile net income to net cash flow from operating activities:

Depreciation $

Loss on disposal of equipment $

Changes in current operating assets and liabilities:

Increase in accounts receivable $

Increase in accounts payable $

Net cash flow from operating activities $