Cash Flows from Operating Activities—Indirect Method Staley Inc. reported the following data: Net income $404,600 Depreciation expense 72,400 Loss on disposal of equipment 30,600 Increase in accounts...

Cash Flows from Operating Activities—Indirect Method

Staley Inc. reported the following data:

Net income	$404,600
Depreciation expense	72,400
Loss on disposal of equipment	30,600
Increase in accounts receivable	14,000
Increase in accounts payable	13,000

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:
	$- 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

Jun 10, 2022

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Cash Flows from Operating Activities—Indirect Method Staley Inc. reported the following data: Net income $404,600 Depreciation expense 72,400 Loss on disposal of equipment 30,600 Increase in accounts...

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