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Kennedy, Inc. reported the following data: Net income $170,262 Depreciation expense 12.390 Lous on disposal of equipment (8.248) Gain on sale of building 18.317 Increase
Kennedy, Inc. reported the following data: Net income $170,262 Depreciation expense 12.390 Lous on disposal of equipment (8.248) Gain on sale of building 18.317 Increase in accounts receivable 7.050 Decrease in accounts payable (2.225) Prepare the operating activities vection of the statement of cash flows using the Indirect method. Use the minus sont indicate cash outlows a decrease in cash cash payments or any negative adjustments Kennedy, Inc. Statement of Cash Flows 170312 Cash flows from used for operating activities Not income Adjustment to reconcle net income to not cash low from used for operating activities Depreciation des LOCS disposal of equipment Gain on sale building changes in curant operating and liabi Increase in accounts receivable Decrease in accounts payable 12390 -8.240 18:317 7.050 Netrash low framerating activities 10146
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