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Vaughn, Inc. reported net income of $2.45 million in 2022. Depreciation for the year was $156,800, accounts receivable decreased $343,000, and accounts payable decreased $274,400.
Vaughn, Inc. reported net income of $2.45 million in 2022. Depreciation for the year was $156,800, accounts receivable decreased $343,000, and accounts payable decreased $274,400. Compute net cash provided by operating activities using the indirect method. (Show amounts that decrease cash flow with eithe e.g.-15,000 or in parenthesis e.g. (15,000).) Vaughn, Inc. Statement of Cash Flows-Indirect Approach For the Year Ended December 31, 2022 Adjustments to reconcile net income to 64 $
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