Ch 13 Prac Exercises eBook Show Me How Cash Flows from Operating Activities-Indirect Method Staley Inc. reported the following data: Net income $216,500 Depreciation expense 77,800 Loss on disposal of 22,800 equipment Increase in accounts 25,400 receivable Increase in accounts 12,100 payable 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: Adjustments to reconcile net income to net cash flow from operating activities: 30 00 0 Changes in current operating assets and liabilities: Net cash flow from operating activities