Hi-Tech, Incorporated, reports net income of $65.0 million. Included in that number are depreciation expense of $5.5 million and a loss on the sale of equipment of $1.5 million. Records reveal increases in accounts receivable, accounts payable, and inventory of $2.5 million, $3.5 million, and $4.5 million, respectively. Prepare the operating activities section of Hi-Tech's 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).) Cash flows from operating activities HI-TECH, INCORPORATED Statement of Cash Flows (partial) Adjustments to reconcile net income to net cash flows from operating activities: Net cash flows from operating activities $ 0.0

Hi-Tech, Incorporated, teports net income of $65.0 milion. Included in that number are depreciation expense of $5.5 milion and a loss on the sale of equipment of $1.5 million. Records reveal increases in accounts recelvable, accounts payable, and inventory of $2.5 million, $3.5 milion, and $4.5 million, respectively. Prepare the operating activities section of HI-Tech's 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).)