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Telfer, Inc. reported net income of $2.2 million in 2020. 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 method. (Show amounts that decrease cash flow with either a-sign e.g. -15,000 or in parenthesis e.g. (15,000).) Telfer, Inc. Statement of Cash Flows-Indirect Approach For the Year Ended December 31, 2020 Cash Flows from Operating Activities Net Income 2,200,000 Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense 156,500 Accounts Receivable Decrease 331,200 Accounts Payable Decrease (253,000) 234,700 Net Cash Provided by Operating Activities 2,434,700