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Waterway, Inc. reported net income of $3.20 million in 2022. Depreciation for the year was $204,800, accounts receivable decreased $448,000, and accounts payable decreased $358,400.
Waterway, Inc. reported net income of $3.20 million in 2022. Depreciation for the year was $204,800, accounts receivable decreased $448,000, and accounts payable decreased $358,400. 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 Approach Adjustments to reconcile net income to $ $
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