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Engineering Wonders reports net income of $ 5 5 . 0 million. Included in that number is building depreciation expense of $ 4 . 5
Engineering Wonders reports net income of $ million. Included in that number is building depreciation expense of $ million and a gain on the sale of land of $ million. Records reveal decreases in accounts receivable, accounts payable, and inventory of $ million, $ million, and $ million, respectively.
Prepare the operating activities section of Wonders' statement of cash flows using the indirect method. Amounts to be deducted should be indicated with a minus sign. Round your answers to decimal place. Enter your answers in millions ie $ should be entered as
tableENGINEERING WONDERSStatement of Cash Flows partialCash flows from operating activitiesNet incomeAdjustments to reconcile net income to net cash flows from operating activities:Depreciation expensetableDepreciation expenseGain on sale of landDecrease in accounts receivableDecrease in inventoryDecrease in accounts payableNet cash flows from operating activities,
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