Made To Last Manufacturing reported $12 million of net incom…
Made To Last Manufacturing reported $12 million of net income, and $1 million of depreciation expense in 2023. Changes in select balance sheet accounts are as follows: 2022 2023 Accounts receivable $ 4,000,000 $ 6,000,000 Inventory $ 3,000,000 $ 2,000,000 Accounts payable $ 6,000,000 $ 4,500,000 What are the total net adjustments that the company would make to net income in order to derive operating cash flow?