Question
Staley Inc. reported the following data: Net income $243,100 Depreciation expense 53,300 Loss on disposal of equipment 23,700 Increase in accounts receivable 27,700 Increase in
Staley Inc. reported the following data: Net income $243,100 Depreciation expense 53,300 Loss on disposal of equipment 23,700 Increase in accounts receivable 27,700 Increase in accounts payable 12,100 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: $fill in the blank 2 Adjustments to reconcile net income to net cash flow from operating activities: fill in the blank 4 fill in the blank 6 Changes in current operating assets and liabilities: fill in the blank 8 fill in the blank 10 Net cash flow from operating activities $fill in the blank 11
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