Cash Flows from Operating ActivitiesIndirect Method

Staley Inc. reported the following data:

Net income	$278,500
Depreciation expense	65,800
Loss on disposal of equipment	30,800
Increase in accounts receivable	21,100
Increase in accounts payable	10,400

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 flows from operating activities:
Adjustments to reconcile net income to net cash flow from operating activities:
Changes in current operating assets and liabilities:
Net cash flow from operating activities