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Brief Exercise 12-4 Kingbird, Inc. reported net income of $2.9 million in 2019. Depreciation for the year was $163,800, accounts receivable decreased $370,800, and accounts
Brief Exercise 12-4 Kingbird, Inc. reported net income of $2.9 million in 2019. Depreciation for the year was $163,800, accounts receivable decreased $370,800, and accounts payable decreased $259,700. 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).) Kingbird, Inc. Statement of Cash Flows-Indirect Approach Adjustments to reconcile net income to
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