Cash Flows from Operating ActivitiesIndirect Method Staley Inc. reported the following data: Net income $489,700 Depreciation expense 53,400 Loss on disposal of equipment 31,000 Increase in accounts receivable 27,500 Increase in accounts payable 11,900 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