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Your answer is partially correct. Try again. Telfer, Inc. reported net income of $2.4 million in 2017. Depreciation for the year was $164,000, accounts receivable decreased $333,800, and accounts payable decreased $280,000. Compute net cash provided by operating activities using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Telfer, Inc. Statement of Cash Flows-Indirect Approach For the Year Ended 2017 Cash Flows from Operating Activities Net Income 2400000 $1 Adjustments to reconcile net income to Cash Flows from Operating Activities Accounts Receivable Decrease v 333800 Accounts Payable Decrease 280000 Depreciation Expense 164000 X 1622200 Net Cash Provided by Operating Activities V 1622200