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Engineering Wonders reports net income of $53.0 mililon. Included in that number is buliding depreciation expense of $4.3 million and a gain on the sale
Engineering Wonders reports net income of $53.0 mililon. Included in that number is buliding depreciation expense of $4.3 million and a gain on the sale of land of $1.7 million. Records reveal decreases in accounts receivable, accounts payable, and inventory of $1.3 million, $2.3 million, and $3.3 million, respectlvely. 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 1 decimal place. Enter your answers in millions (i.e., $10,100,000 should be entered as 10.1).)
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