Staley Inc. reported the following data: Net income Depreciation expense Loss on disposal of equipment $280,000 48,000 19,520 Increase in accounts receivable 17,280 Increase in accounts payable 8,960 Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method. Refer to the Amount Descriptions Prepare the 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