Cash flows from (used for) operating activities-indirect method Staley Inc. reported the following data: Net income $351,700 Depreciation expense 53,500 Loss on disposal of equipment 35,800 Increase in accounts receivable 21,100 12,800 Increase in accounts payable Prepare the "Cash flows from (used for) operating activities" section of the statement of cash flows, using the indirect method. Use the minus sign to indicate cash out flow decreases in cash, or any negative adjustments. Staley Inc. Statement of Cash Flows (partial) Line Item Description Amount Amount Cash flows from (used for) operating activities: Net income Adjustments to reconcile net income to net cash flows from (used for) 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 flows from operating activities 00 00 0