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Cash flows from used for operating activities indirect method Staley Inc reported the following data...

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Cash flows from used for operating activities indirect method Staley Inc reported the following data Net income Depreciation expense Loss on disposal of equipment Increase in accounts receivable Increase in accounts payable 405 200 81 750 22 300 11 000 4 710 Prepare the Cash flows from used for 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 any negative adjustments Staley Inc Statement of Cash Flows partial Line Item Description Cash flows from used for operating activities Net income Adjustments to reconcile net income to net cash flows from used for operating activities Depreciation Loss on disposal of equipment Changes in current operating assets and liabilities Increase in accounts receivable V Amount 405 200 81 750 22 300 2 000 X Amount

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