The current sections of Scooters Rentals balance sheets at December 31, 2021, and 2020, are presented here. Scooters? profit for 2021 was $153,000. Depreciation expense was $24,000.

Instructions

Prepare the net cash provided by operating activities section of the company?s statement of cash flows for the year ended December 31, 2021, using the indirect method.

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2021 2020 Current assets Cash $105,000 $ 99,000 Accounts receivable 110,000 89,000 Inventory 158,000 172,000 Prepaid expenses 27,000 22,000 Total current assets $400,000 $382,000 Current liabilities $ 15,000 $ 5,000 Accrued expenses payable Accounts payable 85,000 92,000 Total current liabilities $100,000 $ 97,000