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Kennedy, Inc. reported the following data: Net Income $193,495 Deprecation expense 13,892 Loss on disposal of equipment (10,730) Gain on sale of building 20.550 Increase

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Kennedy, Inc. reported the following data: Net Income $193,495 Deprecation expense 13,892 Loss on disposal of equipment (10,730) Gain on sale of building 20.550 Increase in accounts receivable 10,616 Decrease in accounts payable (2,271) Prepare the operating activities section of the statement of cash flows using the indirect method. Use the minus sign to indicate cash out hows, a decrease in cash, cash payments, or any negative adjustments Kennedy, Inc. Statement of Cash Flows Coshows from used for operating activities: Adjustments to reconcile net income to net cash flows from (used for operating activities: I dI Changes in current operating assets and babies: Statement of Cash Flows Cash flows from (used for) operating activities: Adjustments to reconcile net income to net cash flows from (used for) operating activities: Changes in current operating assets and liabilities

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