6 of 11 Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to Increase in Accounts Receivable Decrease in Inventory Increase in Prepaid Expenses Decrease in Accounts Payable Increase in Accrued Expenses Payable Net Cash Provided by Operating Activities MacBook Pro -12 E Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities t Increase in Accrued Expenses Payable 10200 Decrease in Accounts Receivable 100 Decrease in Inventory 6.100 increase in Prepaid Expenses - 152001 Depreciation Expense 24,000 Decrease in Accounts Payable 19001 3 Net Cash Provided by Operating Activities t 232700 34200 15,900 14/2 Question 7 of 1 Current Attempt in Progress The following three accounts appear in the general ledger of Bonita Corp. during 2022. Date Jan. 1 Balance July 31 Purchase of equipment Sept. 2 Purchase of equipment Nov. 10 Cost of equipment sold Equipment Debit Credit Balance 161,800 70,400 232,200 53,300 285,500 49,000 236,500 Accumulated Depreciation-Equipment Date Debit Credit Balance Jan. 1 Balance 70,200 Nov. 10 Accumulated depreciation on equipment sold 17,000 53,200 Dec. 31 Depreciation for year 21,000 74.200 Date Jan. 1 Balance Retained Earnings Debit Credit Balance 104,200 MacBook Pro Question 7 of 11 < > Aug. 23 Dividends (cash) Dec. 31 Net income 15,300 88,900 68,900 157,800 -/2 ! From the postings in the accounts, indicate how the information is reported on a statement of cash flows using the indirect method. The loss on disposal of plant assets was $8,700. (Show amounts that decrease cash flow with either a sign e.g. -15,000 or in parenthesis e.3. (15,000).) BONITA CORP Statement of Cash Flows (Partial) - Indirect Method 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 Loss on Disposal of Plant Assets # 21.000 Net Cash Boulded Ceratina Activities MacBook Pro 68.900