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Prepare the cash flows from operating activities section

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Reference no: EM132776197

Question - Staley Inc. reported the following data:

Net income $318,300

Depreciation expense 73,000

Loss on disposal of equipment 24,600

Increase in accounts receivable 19,200

Increase in accounts payable 11,700

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.

Reference no: EM132776197

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