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Wildhorse Co. reported net income of $1.25 million in 2022. Depreciation for the year was...

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Accounting

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Wildhorse Co. reported net income of $1.25 million in 2022. Depreciation for the year was $200,000, accounts receivable decreased $437,500, and accounts payable decreased $350,000. 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 eg. (15,000).) Wildhorse Co. Statement of Cash Flows-Indirect Approach Adjustments to reconcile net income to 5

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