Brief Exercise 11-7 (Algo) Calculate operating activities-indirect method (LO11-3) Engineering Wonders reports net income of $50.0 million. Included in that number is building depreciation expense of $4.0 million and a gain on the sale of land of $2.0 million. Records reveal decreases in accounts receivable, accounts payable, and inventory of $1.0 million, $2.0 million, and $3.0 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).) Cash flows from operating activities ENGINEERING WONDERS Statement of Cash Flows (partial) 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 net income of $50.0 million. Included in that number is building depreciation expense of $4.0 million and a gain on the sale of land of $2.0 million. Records reveal decreases in accounts recelvable, accounts payable, and inventory of $1.0 million, $2.0 million, and $3.0 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).)