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Cheyenne Corp. reported net income of $176000 for the year ended December 31, 2022. During the year, inventories decreased by $35200, accounts payable decreased

 

Cheyenne Corp. reported net income of $176000 for the year ended December 31, 2022. During the year, inventories decreased by $35200, accounts payable decreased by $52800, depreciation expense was $39600 and a gain on disposal of equipment of $13200 was recorded. Net cash provided by operating activities in 2022 using the indirect method was $184800. $246400. $215600. $211200.

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