Cash Flows from Operating ActivitiesIndirect Method Staley Inc. reported the following data: Net income $261,200 Depreciation expense 77,400 Loss on disposal of equipment 27,400 Increase in accounts receivable 23,800 Increase in accounts payable 12,900 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. blank Staley Inc. Statement of Cash Flows (partial) Cash flows from operating activities: Net income $Net income Adjustments to reconcile net income to net cash flow from operating activities: Depreciation Depreciation Loss on disposal of equipment Loss on disposal of equipmen