PLEASE ANSWER ALL OF THE QUESTIONS BELOW:

Cash Flows from Operating Activities-indirect Method Staley Inc. reported the following data: Net income $377,900 71,300 Depreciation expense Loss on disposal of equipment 30,500 Increase in accounts receivable 12,600 Increase in accounts payable 11,200 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: Adjustments to reconcile net income to net cash flow from operating activities: Changes in current operating assets and liabilities: Net cash flow from operating activities o Land Transactions on the Statement of Cash Flows Cameron Corporation purchased land for $378,000. Later in the year, the company sold a different piece of land with a book value of $185,000 for $163,000. How are the effects of these transactions reported on the statement of cash flows assuming the indirect method is used? Use the minus sign to indicate cash out flows, cash payments, decreases in cash and for any adjustments, if required. If a transaction has no effect on the statement of cash flows, select "No effect" from the drop down menu and leave the amount box blank. Transactions Action Amount Gain or loss on sale of land Cash received from sale of land Cash paid for purchase of land