LETT Current Attempt in Progress Your answer is partially correct. Kingbird, Inc. reported net income of $1.55 million in 2022. Depreciation for the year was $248,000, accounts receivable decreased $542,500, and accounts payable decreased $434,000. Compute net cash provided by operating activities using the indirect approach. (Show amounts that decrease cash flow with either a - sign e.g.-15,000 or in parenthesis e.g. (15,000).) Kingbird, Inc. Statement of Cash Flows-Indirect Approach For the Year Ended December 31, 2022 Cash Flows from Operating Activities Net Income $ 1550000 Adjustments to reconcile net income to Net Cash Provided by Operating Activities Decrease in Account Receivable $ 542,500 Decrease in Account Payable (434,000) Depreciation Expense 248,000 6,000 Net Cash Provided by Operating Activities $ 198,000 e Textbook and Media