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Waterway, Inc. reported net income of $2.7 million in 2022. Depreciation for the year was $157,500, accounts receivable decreased $356,700, and accounts payable decreased $306,800.
Waterway, Inc. reported net income of $2.7 million in 2022. Depreciation for the year was $157,500, accounts receivable decreased $356,700, and accounts payable decreased $306,800. 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).) Waterway, Inc. Statement of Cash Flows-Indirect Method $ Adjustments to reconcile net income to $
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