Oriole, Inc. reported net income of $2.60 million in 2022. Depreciation for the year was $166,400, accounts receivable decreased $364,000, and accounts payable decreased $291,200.

Compute net cash provided by operating activities using the indirect method.

Oriole, Inc. Statement of Cash Flows-Indirect Approach December 31.2022 Net Income $42600000 Adjustments to reconcile net income to Depreciation Expense Accounts Receivable Decrease Accounts Payable Decrease $166400 364000 291200 $