Question: Brief Exercise 1 1 - 7 ( Algo ) Calculate operating activities - indirect method ( LO 1 1 - 3 ) , Engineering Wonders

Brief Exercise 11-7(Algo) Calculate operating activities-indirect method (LO11-3),
Engineering Wonders reports net income of $68.0 million. Included in that number is building depreciation expense of $5.8 million and a gain on the sale of land of $1.8 million. Records reveal decreases in accounts receivable, accounts payable, and inventory of $2.8 million, $3.8 million, and $4.8 million, respectively.
Prepare the operating activities section of Wonders' statement of cash flows using the indirect method. (Amounts to be deducted should be indicated with a minus sign. Round your answers to 1 decimal place. Enter your answers in millions (i.e., $10,100,000 should be entered as 10.1).)
\table[[ENGINEERING WONDERS,],[Statement of Cash Flows (partial),,],[Cash flows from operating activities,,],[Adjustments to reconcile net income to net cash flows from operating activities:,,],[,,],[,,],[,,],[,,],[Net cash flows from operating activities,,]]
 Brief Exercise 11-7(Algo) Calculate operating activities-indirect method (LO11-3), Engineering Wonders reports

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