Question: Question 4 of 9 < > Your answer is partially correct. 3.43/4 Bonita, Inc. reported net income of $2.90 million in 2022. Depreciation for

Question 4 of 9 < > Your answer is partially correct. 3.43/4

Question 4 of 9 < > Your answer is partially correct. 3.43/4 Bonita, Inc. reported net income of $2.90 million in 2022. Depreciation for the year was $185,600, accounts receivable decreased $406,000, and accounts payable decreased $324,800. 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).) Bonita, Inc. Statement of Cash Flows-Indirect Approach For the Year Ended December 31, 2022 Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities Accounts Receivable Decrease Accounts Payable Decrease Depreciation Expense Net Cash Provided by Operating Activities $ 406,000 (324,800) 185,600 2,900,000 139,200 3,039,200

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