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Staley Inc. reported the following data: Line Item Description Amount Net income $ 4 0 5 , 2 0 0 Depreciation expense 8 1 ,

Staley Inc. reported the following data:
Line Item Description Amount
Net income $405,200
Depreciation expense 81,750
Loss on disposal of equipment 22,300
Increase in accounts receivable 11,000
Increase in accounts payable 4,710
Prepare the "Cash flows from (used for) 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.
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Staley Inc.
Statement of Cash Flows (partial)
Line Item Description Amount Amount
Cash flows from (used for) operating activities:
$- Select -
Adjustments to reconcile net income to net cash flows from (used for) operating activities:
- Select -
- Select -
Changes in current operating assets and liabilities:
- Select -
- Select -
Net cash flows from operating activities $Net cash flows from operating activities

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