Kennedy, Inc. reported the following data: Net income 118,000 Depreciation expense 15,000 Loss on disposal of equipment (10,000) Gain on sale of building 20,000 Increase in accounts receivable 7,000 Decrease in accounts payable (2,000) 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 Adjustments to reconcile net income to net cash flow from operating activities Changes in current operating assets and liabilities Previous 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 Adjustments to recondite net income to net cash flow from operating activities Changes in current operating assets and abilities Net cash flow from operating sites