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ebook Show Me How Calculator Print tem Cash Flows from Operating Activities ---Indirect Method Staley Inc. reported the following data Net income Depreciation expense Loss on disse ment Increase in recible Increase in accounts payable 74,900 30 400 15.000 12 400 Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method. Use the minussion to indicate cash outflons, cash Dayments, decreases in cash, or any negative adjustments Staleyince Statement of Cash Flows partial) Cachows from being Land Transactions on the Statement of Cash Flows Easterly Corporation purchased land for $400,000. Later in the year, the company sold a different niece of land with a book value of $257,000 for $231,000 How are the effects of these transactions reported on the statement of cash flows? Use the minus sign to indicate cash outflows, cash payments, decreases in cash and for y ayustments, frequred. If a transaction has no effect on the statement of cash flows, select 'No effect from the drop down menu and leave the amount box blank Action Amount Transactions Gain or loss on sale of land Cash received from sale of land Cash paid for purchase of land