Question
Staley Inc. reported the following data: Net income $329,800 Depreciation expense 79,100 Loss on disposal of equipment 25,500 Increase in accounts receivable 27,300 Increase in
Staley Inc. reported the following data: Net income $329,800 Depreciation expense 79,100 Loss on disposal of equipment 25,500 Increase in accounts receivable 27,300 Increase in accounts payable 11,400 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. blank Staley Inc. Statement of Cash Flows (partial) Cash flows from operating activities: $- Select - Adjustments to reconcile net income to net cash flow from operating activities: - Select - - Select - Changes in current operating assets and liabilities: - Select - - Select - Net cash flow from operating activities $fill in the blank 11
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