Determining Cash Flows from (Used for) Operating Activities Yeoman Inc. reported the following data: Net income $341,800 Depreciation expense 79,300 Loss on disposal of equipment 30,900 Increase in accounts receivable 27,600 Increase in accounts payable 12,500 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 outflows, cash payments, decreases in cash, or any negative adjustments. Yeoman Inc. Statement of Cash Flows (partial) Cash flows from (used for) operating activities: $Net income Adjustments to reconcile net income to net cash flows from (used for) operating activities: Depreciation expense 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 $fill in the blank 11 Feedback Area Feedback Consider the effect that each item has on cash. Would the transaction have affected cash at all? How would the increase or decrease in current operating assets and liabilities affect cash? Check My Work