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Telfer, Inc. reported net income of $2.9million in 2020. Depreciation for the year was $163,800, accounts receivable decreased $370,800, and accounts payable decreased $259,700. Compute

Telfer, Inc. reported net income of $2.9million in 2020. Depreciation for the year was $163,800, accounts receivable decreased $370,800, and accounts payable decreased $259,700.

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

Telfer, Inc. Statement of Cash Flows-Indirect Approach Adjustments to reconcile net income to

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