Cash Flows from Operating Activities-Indirect Method Staley Inc. reported the following data: Feedback Check My Work

Cash Flows from Operating Activitieslndirect Method Staley Inc. reported the following data: Net income Depreciation expense Loss on disposal of equipment Increase in accounts receivable Increase in accounts payable , 000 63,000 30,700 23,400 10,700 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: Net Income V Adjustments to reconcile net income to net cash flow from operating activities: peprec.abon e, V Changes in current operating assets and liabilities: ntifCFSShQCijifSfrCiSblG, Net cash flow from operating activities 460,000 63,000 so,700 -23,400 10,700 379,000 x Consider the effect that each item has on cash. Would the transaction have affected cash at all? HOB' would the increase or decrease in current operating assets and liabilities affect cash?