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Prepare the cash flows from operating activities section

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Reference no: EM133114055

Question - Staley Inc. reported the following data:

Net income

$445,200

Depreciation expense

76,500

Loss on disposal of equipment

38,500

Increase in accounts receivable

19,000

Increase in accounts payable

11,900

Required - 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: EM133114055

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