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Cash Flows from Operating Activities-indirect Method Staley Inc. reported the following data: Net income Depreciation expense Loss on disposal of equipment Increase in accounts receivable $465,400 68,100 29,900 21,700 Increase in accounts payable 12,700 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: Changes in current operating assets and liabilities: Net cash flow from operating activities Cash flows from operating activities: $ income to net cash flow from operating activities: Depreciation Increase in accounts receivable Net income assets and liabilities: Net cash flow from operating activities 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 assets and liabilities: Increase in accounts payable Increase in accounts receivable Net cash flow from operating activities Staley Inc. Statement of Cash Flows (partial) Cash flows from operating activities: Adjustments to reconcile net income to net cash flow from operating activities: assets and liabilities: Increase in accounts payable Increase in accounts receivable Loss on disposal of equipment CECOSI OPCrucing activities Statement of Cash Flows (partial) Cash flows from operating activities: $ me to net cash flow from operating activities: Depreciation Increase in accounts receivable Loss on disposal of equipment Jets and liabilities: Net cash flow from operating activities Check My Work 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 sets and liabilities: Loss on disposal of equipment Net cash flow from operating activities $