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Staley Inc. reported the following data: Prepare the Cash flows from (used for) o Staley Inc. reported the following Net income Depreciation expense Loss on

image text in transcribed Staley Inc. reported the following data: Prepare the "Cash flows from (used for) o

Staley Inc. reported the following Net income Depreciation expense Loss on disposal of equipment Increase in accounts receivable Increase in accounts payable data: $391,200 66,100 23,100 12,100 11,700 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. Staley Inc. Statement of Cash Flows (partial) Line Item Description Cash flows from (used for) operating activities: Adjustments to reconcile net income to net cash flows from (used for) operating activities: Changes in current operating assets and liabilities: Net cash flows from operating activities Amount Amount

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