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AC116 UNIT 9 LAB ASSIGNMENT Question 4 Waterway, Inc. reported net income of $2.55 million in 2022. Depreciation for the year was $163,200, accounts
AC116 UNIT 9 LAB ASSIGNMENT Question 4 Waterway, Inc. reported net income of $2.55 million in 2022. Depreciation for the year was $163,200, accounts receivable decreased $357,000, and accounts payable decreased $285,600. 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).) Waterway, Inc. Statement of Cash Flows-Indirect Approach Adjustments to reconcile net income to $ $ $
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