Net Income $400,500 Depreciation expense Loss on disposal of equipment Increase in accounts receivable Increase in accounts payable 53,300 25,600 25,000 12,900 Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the Indirect method. Use the minus sign to indicate cash out flows, cash payments, decreases in cash, or any negative adjustments. Staley Inc. Statement of Cash Flows (partial) Cash flows from operating activities Net Income Adjustments to reconcile net income to net cash flow from operating activities Depreciation Loss on disposal of equipment Changes in current operating assets and liabilities: Increase in accounts receivable Increase in accounts payable Net cash flow from operating activities B