Lily Company reported net income of $269,500 for 2022. Lily sold equipment that cost $110,000 and...

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Lily Company reported net income of $269,500 for 2022. Lily sold equipment that cost $110,000 and had a book value of $66,000 for $57,200. The comparative balance sheet shows a decrease in accounts receivable of $20,900 for the year, a $14,300 increase in accounts payable, a $4,400 increase in prepaid expenses, and a $18,700increase in accumulated depreciation. Prepare the operating activities section of the statement of cash flows for 2022. Use the indirect method. (Show amounts that decrease cash flow with either a-sign eg. -15,000 or in parenthesis e.g. (15,000).) LILYCOMPANY Partial Statement of Cash Flows 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 Depreciation Expense Decrease in Accounts Receivable 20900 Increase in Accounts Payable 14300 Increase in Prepaid Expenses (4400) Loss on Disposal of Plant Assets Net Cash Provided by Operating Activities $ 269500 Lily Company reported net income of $269,500 for 2022. Lily sold equipment that cost $110,000 and had a book value of $66,000 for $57,200. The comparative balance sheet shows a decrease in accounts receivable of $20,900 for the year, a $14,300 increase in accounts payable, a $4,400 increase in prepaid expenses, and a $18,700increase in accumulated depreciation. Prepare the operating activities section of the statement of cash flows for 2022. Use the indirect method. (Show amounts that decrease cash flow with either a-sign eg. -15,000 or in parenthesis e.g. (15,000).) LILYCOMPANY Partial Statement of Cash Flows 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 Depreciation Expense Decrease in Accounts Receivable 20900 Increase in Accounts Payable 14300 Increase in Prepaid Expenses (4400) Loss on Disposal of Plant Assets Net Cash Provided by Operating Activities $ 269500