Kennedy, Inc. reported the following data:

Net income	$174,734
Depreciation expense	16,866
Loss on disposal of equipment	11,732
Gain on sale of building	20,132
Increase in accounts receivable	8,463
Decrease in accounts payable	2,526

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.

Please label with descriptions below:

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

Please complete in the format below with above labels

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