Question
7) The current sections of Windsor, Inc.s balance sheets at December 31, 2021 and 2022, are presented here. Windsors net income for 2022 was $152,200.
7) The current sections of Windsor, Inc.s balance sheets at December 31, 2021 and 2022, are presented here. Windsors net income for 2022 was $152,200. Depreciation expense was $27,500. 2022 2021 Current assets Cash $102,400 $96,100 Accounts receivable 80,900 90,000 Inventory 167,000 172,800 Prepaid expenses 26,800 22,600 Total current assets $377,100 $381,500 Current liabilities Accrued expenses payable $15,800 $8,700 Accounts payable 86,000 95,600 Total current liabilities $101,800 $104,300 Prepare the net cash provided by operating activities section of the companys statement of cash flows for the year ended December 31, 2022, using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)
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