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Kennedy, Inc. reported the following data: $184,365 15,770 (10,029) Net income Depreciation expense Loss on disposal of equipment Gain on sale of building Increase in
Kennedy, Inc. reported the following data: $184,365 15,770 (10,029) Net income Depreciation expense Loss on disposal of equipment Gain on sale of building Increase in accounts receivable Decrease in accounts payable 18,764 8,106 (2,026) 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 outflows, a decrease in cash, cash payments, or any negative adjustments. $ Kennedy, Inc. Statement of Cash Flow Cash flows from operating activities: Net income Adjustments to reconcile net income to net cash flow from operating activities: Depreciation expense Loss on disposal of equipment Gain on sale of building Changes in current operating assets and liabilities: Increase in accounts receivable Decrease in accounts payable Net cash flow from operating activities $
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