0000 Show Me How Cash Flows from Operating Activities --Indirect Method Staley Inc. reported the following data Net Income $328,900 Depreciation expense 54,400 Loss on disposal of equipment 29,800 Increase in accounts receivable 29,800 Increase in accounts payable 11,200 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 news from operating activities income to net cash flow from operating activities Depreciation Increase in accounts receivable Net Income assets and liabilities: Net cash flow from operating activities O Cash Flows from Operating Activities--Indirect Method Staley Inc. reported the following data: $328,900 Net Income 54,400 29,800 Depreciation expense Loss on disposal of equipment Increase in accounts receivable Increase in accounts payable 29,800 11,200 Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method. Use t 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 flow from operating activities: Depreciation assets and liabilities: Increase in accounts payable Increase in accounts receivable Net cash flow from operating activities Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method. Use them payments, decreases in cash, or any negative adjustments.