Kennedy, Inc. reported the following data:

Net income	$153,754
Depreciation expense	12,016
Loss on disposal of equipment	8,751
Gain on sale of building	21,362
Increase in accounts receivable	8,330
Decrease in accounts payable	3,325

	Required:
	Prepare the cash flows from operating activities section of the statement of cash flows using 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 adjustments, if required.

Amount Descriptions

Amount Descriptions
Decrease in accounts payable
Decrease in accounts receivable
Depreciation
Gain from disposal of equipment
Gain on sale of building
Increase in accounts payable
Increase in accounts receivable
Loss from disposal of equipment
Loss on sale of building
Net cash flow from operating activities
Net cash flow used for operating activities
Net income
Net loss

Statement of Cash Flows-Operating Activities

Prepare the cash flows from operating activities section of the statement of cash flows using 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 adjustments, if required.

Statement of Cash Flows (partial)

1	Cash flows from operating activities:
2
3	Adjustments to reconcile net income to net cash flow from operating activities:
4
5
6
7	Changes in current operating assets and liabilities:
8
9
10