Instructions Kennedy, Inc. reported the following data Net income $118,000 Depreciation expense 15,000 Loss on disposal of equipment (10,000) sale of building Gain on 20,000 Increase in accounts receivable 7,000 accounts payable Decrease in (2,000) Required: Prepare the cash flows from operating activities section of the statement of cash flows usino the indirect method. Refer to the list of Amount Descriptions for the exact wording of the answer choices for text entries Use the minus sign to indicate cash outflows, cash payments, decreases in cash and for any adiustments, if required Statement of Cash Flows-Operating Activities Prepare the cash fows trom operating activites section of the statement of cash flows using the indirect method Reee to he st of Anvount Desoniptons for the exact wording of the anower cholces for tet entries Use the minus aign to indicate cash outfows, cash payments, decreases in cash and for any aduatments, f required Statement of Canh Flows (partaly Cah Sows fromopeing aivites Adustinents to reconcle net income to net cash ow from opeating activities Changs in net opeait asand hit