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Kennedy, Inc. reported the following data: Net Income $128,464 Depreciation expense 16,102 Loss on disposal of equipment (10,336) Gain on sale of building 20,954 Increase

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Kennedy, Inc. reported the following data: Net Income $128,464 Depreciation expense 16,102 Loss on disposal of equipment (10,336) Gain on sale of building 20,954 Increase in accounts receivable 10,685 Decrease in accounts payable (3,999) 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 outlows, 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: Depreciation expense 16,102 Loss on disposal of equipment (10,336) Gain on sale or building 20,954 Increase in accounts receivable 10,685 Decrease in accounts payable (3,999) 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, 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: Net cash flow from operating activities D Previous Ne

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