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Sunland Company reported net income of $0.75 million in 2022. Depreciation for the year was $120,000, accounts receivable decreased $262.500, and accounts payable decreased $210,000.

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Sunland Company reported net income of $0.75 million in 2022. Depreciation for the year was $120,000, accounts receivable decreased $262.500, and accounts payable decreased $210,000. Compute net cash provided by operating activities using the indirect approach. (Show amounts that decrease cash flow with elther eg-15,000 or in parenthesis eg. (15,000).) Sunland Company Statement of Cash Flows-Indirect Approach Cash Flows from Operating Activities Net Income 750000 Adjustments to reconcile net income to Net Cash Provided by Operating Activities Decrease in Account Receivable 262500 Decrease in Account Payable 210000 Depreciation Expense 120000 210000 z Net Cash Provided by Operating Activities O 922500

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