Answer
Calculation of net cash provided by the operating activities using indirect method:
Net Income as per Income statement - 2,5000,000 dollars
Depreciation expense - 110,000 dollars
Add: Decrease in accounts receivable - 350,000 dollars
Less: Decrease in accounts payable - (280,000 dollars)
Net cash provided by operating activities - 2,680,000 dollars
Work Step by Step
The table indicates about the calculation of net cash under operating activities.