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Lockheed Martin Corporation provided the following financial data for the year 2023: Item Amount Net Income $10,000,000 Depreciation Expense $2,000,000 Increase in Accounts Receivable $1,000,000

Lockheed Martin Corporation provided the following financial data for the year 2023:

Item

Amount

Net Income

$10,000,000

Depreciation Expense

$2,000,000

Increase in Accounts Receivable

$1,000,000

Decrease in Inventory

$900,000

Increase in Accounts Payable

$800,000

Dividends Paid

$1,600,000

Prepare the cash flow statement using the indirect method for Lockheed Martin Corporation for the year ending December 31, 2023.

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