Pettygrove Inc. reported the following data:

Net income	$387,900
Depreciation expense	41,150
Gain on disposal of equipment	33,310
Decrease in accounts receivable	22,930
Decrease in accounts payable	6,880

Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method. Refer to the Amount Descriptions list provided 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.

Amount Descriptions

Amortization of intangible assets

Decrease in accounts payable

Decrease in accounts receivable

Depreciation

Gain on disposal of equipment

Net cash flow from operating activities

Net cash flow used for operating activities

Net income

Net loss

Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method. Refer to the Amount Descriptions list provided 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.

Pettygrove Inc.

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	Changes in current operating assets and liabilities:
7
8
9