Telfer Inc. Reported a net income of $2.8 million in 2020. Depreciation for the year was $160,000,

Fantastic news! We've Found the answer you've been seeking!

Question:

Telfer Inc. Reported a net income of $2.8 million in 2020. Depreciation for the year was $160,000, account receivable decreased $350,000, and accounts payable decreased $280,000.Compute net cash provided by operating activities using the indirect method