Cash Flows from Operating Activities-Indirect Method 5297,400 Staley Inc. reported the following data: Net Income Depreciation expense Loss on disposal of equipment Increase in accounts receivable Increase in accounts payable 59,700 28,100 27,400 11,800 Prepare the Cash Flows from Operating Activities section of the statement of cash rows, using the Indirect method, Ume the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments Staley Inc. Statement of Cash Flows (partiat) Cash nows from operating activities Adjustments to reconcile net income to net cash flow from operating activities Changes in current operating assets and liabilities Net Income $297,400 59.700 28,100 Depreciation expense Loss on disposal of equipment Increase in accounts receivable Increase in accounts payable 27.400 11,800 Prepare the Cash rows from Operating Activities section of the statement of cash nows, using the indirect method. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments Staley Inc. Statement of Cash Flows (partial) Cash flows from operating activities: Adjustments to reconcile net income to net cash now from operating activities: Changes in current operating suits and be Het cash flow from operating actvities . Previous Next