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Cash Flows from Operating ActivitiesIndirect Method Staley Inc. reported the following data: ...

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Accounting

Cash Flows from Operating ActivitiesIndirect Method
Staley Inc. reported the following data:
Net income $256,900
Depreciation expense 69,300
Loss on disposal of equipment 27,700
Increase in accounts receivable 11,900
Increase in accounts payable 11,700
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.
blank
Staley Inc.
Statement of Cash Flows (partial)
Cash flows from operating activities:
Net income
$Net income
256,900
Adjustments to reconcile net income to net cash flow from operating activities:
Depreciation
Depreciation
69,300
Loss on disposal of equipment
Loss on disposal of equipment
27,700
Changes in current operating assets and liabilities:
Increase in accounts receivable
Increase in accounts receivable
-11,900
Increase in accounts payable
Increase in accounts payable
11,700
Net cash flow from operating activities $fill in the blank 11

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