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Joeys Company uses the indirect method. Selected information appears below. How much is Joeys net cash flow from operating activities? You must show your work

Joeys Company uses the indirect method. Selected information appears below. How much is Joeys net cash flow from operating activities? You must show your work for full credit.

Net income

$2,500,000

Accounts receivable increase

100,000

Inventory increase

75,000

Accounts payable decrease

90,000

Income tax payable increase

10,000

Increase in dividends payable

12,000

Loss on disposal of equipment

30,000

Depreciation expense

340,000

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