Cash Flows from Operating ActivitiesIndirect Method Staley Inc. reported the following data: Net income $273,200 Depreciation expense 51,900 Loss on disposal of equipment 31,500 Increase in accounts receivable 11,200 Increase in accounts payable 11,400

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:

Net income

$

Adjustments to reconcile net income to net cash flow from operating activities:

Depreciation

Loss on disposal of equipment

Changes in current operating assets and liabilities:

Increase in accounts receivable

Increase in accounts payable

Net cash flow from operating activities

$