Statement of Cash Flows (partial) 278,200 22,600 X 38.700 X Cash flows from (used for) operating activities: Net income Adjustments to reconcile net income to net cash flows from (used for) operating activities: Loss on disposal of equipment X Gain on disposal of equipment Changes in current operating assets and liabilities: Increase in accounts receivable Decrease in inventory Decrease in prepaid insurance Decrease in accounts payable Increase in income taxes payable Net cash flows from operating activities 6,030 X -3440 x - 1,290 X 4,090 1,290 338,000 X