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Bonita, Inc, reported net income of $2.2 million in 2022. Depreciation for the year was $159,100, accounts receivable decreased $351,400, and accounts payable decreased $261,200.
Bonita, Inc, reported net income of $2.2 million in 2022. Depreciation for the year was $159,100, accounts receivable decreased $351,400, and accounts payable decreased $261,200. 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 eg. (15,000). Adjustments to reconcile net income to
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