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2 Your answer is partially correct. Sheffield, Inc. reported net income of $3.25 million in 2022. Depreciation for the year was $208,000, accounts receivable decreased
2 Your answer is partially correct. Sheffield, Inc. reported net income of $3.25 million in 2022. Depreciation for the year was $208,000, accounts receivable decreased $455,000, and accounts payable decreased $364,000. Compute net cash provided by operating activities using the indirect method. (Show amounts that decrease cash flow with either a-sign eg. -15,000 or in parenthesis es. (15,000).) Sheffield, Inc: Statement of Cash Flows-Indirect Approach For the Year Ended December 31, 2022 Cash Flows from Operating Activities Adjustments to reconcile net income to $ $5quad208,000
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