Depreciation Increase in accounts receivable Net income Cash Flows from Operating Activities-Indirect Method Staley Inc. reported the following data: Net income $219,500 Depreciation expense 65,100 Loss on disposal of equipment 36,500 Increase in accounts receivable 14,300 Increase in accounts payable 10,600 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: Depreciation Increase in accounts payable Increase in accounts receivable Changes in current operating assets and liabilities: Increase in accounts payable Increase in accounts receivable Loss on disposal of equipment Depreciation Increase in accounts receivable Loss on disposal of equipment Net cash flow from operating activities