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Concord Corporation reported net income of $ 2 . 2 million in 2 0 2 2 . Depreciation for the year was $ 1 5

Concord Corporation reported net income of $2.2 million in 2022. Depreciation for the year was $156,500, accounts receivable
decreased $331,200, and accounts payable decreased $253,000.
Compute net cash provided by operating activities using the indirect approach. (Show amounts that decrease cash flow with either a- sign
e.g.-15,000 or in parenthesis e.g.(15,000).)
Concord Corporation
Statement of Cash Flows-Indirect Approach
Adjustments to reconcile net income to
$
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