Cash Flows from Operating ActivitiesIndirect Method

Staley Inc. reported the following data:

Net income	$281,200
Depreciation expense	73,700
Loss on disposal of equipment	21,700
Increase in accounts receivable	29,500
Increase in accounts payable	10,300

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 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:

________________________ _________

________________________ _________

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Net cash flow from operating activities $_________