Instructions Staley Inc. reported the following data: Net income Depreciation expense Los on disposal of equipment Increase in accounts receivable Increase in accounts payable $427,600 45,810 39,720 23,650 6,860 Prepare the Cash Flows from Operating Activibles section of the statement of cash nows, using the indirect method. Refer to the Amount Descriptors ist provided for the exact wording at the answer choices for text entries. Use the minus sign to indicate cash outflows, cash payments, decreases in cash and for any adjustments, required astructions Amount Descriptions Amount Descriptions Amortization of intangible assets Depreciation Increase in accounts payable Increase in accounts receivable Loss on disposal of equipment Net cash flow from operating activities Net cash flow used for operating activities Pri Net income wa Net loss Statement of Cash Flows-Operating Activities Staley Inc. Statement of Cash Flows (partial) 1 Cash flows from operating activities: Net income 1 Adjustments to reconcile net income to net cash flow from operating activities: Depreciation 2 4 5 Changes in current operating assets and liabilities: 2