Sheridan, Inc. reported net income of $$2\mathrm{.}8$ million in $2022.$ Depreciation for the year was $$163,900,$ accounts receivable decreased

$$338,000,$ and accounts payable decreased $$305,700.$

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$.(15,000)).$

Sheridan, Inc.

Statement of Cash Flows$-$Indirect Method

Adjustments to reconcile net income toSheridan, Inc. reported net income of $$2\mathrm{.}8$ million in $2022.$ Depreciation for the year was $$163,900,$ accounts receivable decreased $$338,000,$ and accounts payable decreased $$305,700.$

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$.(15,000).)$