Cash Flows from Operating ActivitiesIndirect Method

Staley Inc. reported the following data:

Net income$251,600

Depreciation expense54,200

Loss on disposal of equipment20,300

Increase in accounts receivable24,900

Increase in accounts payable12,600

IF Prepare the Cash Flows from Operating Activities section of thestatement of cash flows, using the indirect method. Use the minus sign to indicate cash outflows, 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