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Whispering Winds Corp. reported net income of $1.6 million in 2017. Depreciation for the year was $171,000, accounts receivable decreased $378,200, and accounts payable decreased

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Whispering Winds Corp. reported net income of $1.6 million in 2017. Depreciation for the year was $171,000, accounts receivable decreased $378,200, and accounts payable decreased $262,500. Compute net cash provided by operating activities using the indirect approach. (Show amounts that decrease cash flow with either a sign e.g. - 15,000 or in parenthesis es. (15,0001) Whispering Winds Corp. Statement of Cash Flows-Indirect Approach For the Year Ended December 31, 2017 Cash Flows from Operating Activities Net Income 1600000 Adjustments to reconcile net income to Net Cash Provided by Operating Activities Decrease in Account Receivable 378200 Decrease in Account Payable 262500 Depreciation Expense 171000 811700 Net Cash Provided by Operating Activities 2411700

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