Brief Exercise 12-6 Your answer is partially correct. Try again. The comparative balance sheets for Cheyenne Corp. show these changes in noncash current asset accounts: accounts receivable decrease $84,700, prepaid expenses increase $26,400, and inventories increase $32,600. Compute net cash provided by operating activities using the indirect method assuming that net income is $241,500. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Cheyenne Corp. Statement of Cash Flows-Indirect Method Cash Flows from Operating Activities Net Income 241,500 Adjustments to reconcile net income to Net Cash Provided by Operating Activities Decrease in Accounts Receivable 84,700 Increase in Prepaid Expenses 26,400 E Increase in Inventory 32,600 Cash Flows from Operating Activities Net Income 241,500 Adjustments to reconcile net income to Net Cash Provided by Operating Activities Decrease in Accounts Receivable 84,700 Increase in Prepaid Expenses 26,400 Increase in Inventory 32,600 Net Cash Provided by Operating Activities LINK TO TEXT VIDEO TUTORIAL Question Attempts: 3 of 5 used