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Staley Inc. reported the following data: Line Item Description Amount Net income $366,100...

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Accounting

Staley Inc. reported the following data:
Line Item Description Amount
Net income $366,100
Depreciation expense 76,800
Loss on disposal of equipment 23,500
Increase in accounts receivable 10,200
Increase in accounts payable 11,600
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, or any negative adjustments.
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Staley Inc.
Statement of Cash Flows (partial)
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 -
Changes in current operating assets and liabilities:
- Select -
- Select -
Net cash flows from operating activities $Net cash flows from operating activities

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