Net income $125,193

Depreciation expense 14,594

Loss on disposal of equipment (8,298)

Gain on sale of building 20,763

Increase in accounts receivable 10,973

Decrease in accounts payable (3,363)

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 Flow Line Item Description Amount Amount Cash flows from (used for) operati