Kennedy, Inc., reported the following data: Net income $197,997 Depreciation expense 14,799 Loss on disposal of equipment (9,727) Gain on sale of building 19,648 Increase in accounts receivable 7,551 Decrease in accounts payable (3,089) Prepare the operating activities section of the statement of cash flows using the indirect method. Use the minus sign to indicate cash outflows, a decrease in cash, cash payments, or any negative adjustments.

Kennedy, Inc. Statement of Cash Flows