Cash Flows from Operating ActivitiesIndirect Method

Staley Inc. reported the following data:

Net income	$272,300
Depreciation expense	57,600
Loss on disposal of equipment	39,900
Increase in accounts receivable	21,300
Increase in accounts payable	10,800

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.

Options

Depreciation, Increase in Accounts Payable , Loss on disposal of equipment

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