Staley Inc. reported the following data:
Line Item Description Amount
Net income $
Depreciation expense
Loss on disposal of equipment
Increase in accounts receivable
Increase in accounts payable
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.
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Staley Inc.
Statement of Cash Flows partial
Line Item Description Amount Amount
Cash flows from used for operating activities:
$ Select
Adjustments to reconcile net income to net cash flows from used for operating activities:
Select
Select
Changes in current operating assets and liabilities:
Select
Select
Net cash flows from operating activities $Net cash flows from operating activities
