Business
Kennedy, Inc. reported the following data: Net income $128,451 Depreciation expense 12,655 Loss on disposal of equipment (8,582) Gain on sale of building 20,190 Increase in accounts receivable 9,009 Decrease in accounts payable (3,174) 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 outflows, a decrease in cash, cash payments, or any negative adjustments. Kennedy, Inc. Statement of Cash Flow Cash flows from operating activities: $- Select - Adjustments to reconcile net income to net cash flow from operating activities: - Select - - Select - - Select - Changes in current operating assets and liabilities: - Select - - Select - Net cash flow from operating activitiesomPrepare the cash flows from operating activities section of the statement of cash flows using the indirect method. Refer to the list of Amount Descriptions for the exact wording of the answer choices for text entries. Use the minus sign to indicate cash outflows, cash payments, decreases in cash and for any adjustments, if required.Statement of Cash Flows (partial)1 Cash flows from operating activities:23 Adjustments to reconcile net income to net cash flow from operating activities:4567 Changes in current operating assets and liabilities:8910