Answer:
<em><u> Staley Inc.</u></em>
<em><u>Statement of Cash Flow(Partial)</u></em>
1. Cash flow from operating activities
2. Net Income $396,200
3. Adjustments to reconcile net Income to net
Cash flow from operating activities:
4. Depreciation $61,200
5.Loss on Disposal of equipment <u>$27,600</u>
$88,800
6. Changes in current operating assets & liabilities:
7. Increase in account receivable -$9,000
8. Increase in accounts payable <u>$3,350</u>
<u>-5650</u>
9. Cash generated from operations <em> </em><em><u>83,150</u></em>
<em> </em>
Explanation: