221 HW2 Ch 16-18

Question 5 of 10

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Oriole, Inc. reported net income of $2.60 million in 2022. Depreciation for the year was $166,400, accounts receivable decreased $364,000, and accounts payable decreased $291,200. Compute net cash provided by operating activities using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

Oriole, Inc. Statement of Cash Flows-Indirect Approach December 31, 2022For the Month Ended December 31, 2022For the Year Ended December 31, 2022
Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash
Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash
Accounts Receivable IncreaseAccounts Payable IncreaseAccounts Payable DecreaseAccounts Receivable DecreaseDepreciation ExpenseNet Income	$
Depreciation ExpenseAccounts Payable DecreaseAccounts Receivable DecreaseAccounts Receivable IncreaseAccounts Payable IncreaseNet Income
Depreciation ExpenseAccounts Receivable IncreaseNet IncomeAccounts Payable IncreaseAccounts Payable DecreaseAccounts Receivable Decrease
Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash		$

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