Cheyenne Corp. reported net income of $2.8 million in 2022. Depreciation for the year was $163,900,...
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Cheyenne Corp. reported net income of $2.8 million in 2022. Depreciation for the year was $163,900, accounts receivable decreased $338,000, and accounts payable decreased $305,700. Compute net cash provided by operating activities using the indirect approach. (Show amounts that decrease cash flow with either a sign eg.-15,000 or in parenthesis e.g. (15,000).) Cheyenne Corp. Statement of Cash Flows-Indirect Approach For the Month Ended 2022 2022 For the Year Ended 2022 Adjustments to reconcile net income to $ Cheyenne Corp. Statement of Cash Flows-Indirect Approach Cash at Beginning of Period Cash at End of Period Cash Flows from Financing Activities Cash Flows from Investing Activities Cash Flows from Operating Activities Net Cash Provided by Financing Activities Net Cash Provided by Investing Activities Net Cash Provided by Operating Activities Net Cash Used by Financing Activities Net Cash Used by Investing Activities Net Cash Used by Operating Activities Net Decrease in Cash Net Increase in Cash Cheyenne Corp. reported net income of $2.8 million in 2022. Depreciation for the year was $163,900, accounts receivable decreased $338,000, and accounts payable decreased $305,700. Compute net cash provided by operating activities using the indirect approach. (Show amounts that decrease cash flow with either a sign eg.-15,000 or in parenthesis e.g. (15,000).) Cheyenne Corp. Statement of Cash Flows-Indirect Approach For the Month Ended 2022 2022 For the Year Ended 2022 Adjustments to reconcile net income to $ Cheyenne Corp. Statement of Cash Flows-Indirect Approach Cash at Beginning of Period Cash at End of Period Cash Flows from Financing Activities Cash Flows from Investing Activities Cash Flows from Operating Activities Net Cash Provided by Financing Activities Net Cash Provided by Investing Activities Net Cash Provided by Operating Activities Net Cash Used by Financing Activities Net Cash Used by Investing Activities Net Cash Used by Operating Activities Net Decrease in Cash Net Increase in Cash
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