B C D E F G H 1 The following information is for FloorCo, Inc. for the year just ended: 2 3 A A Beginning of End of year year 5 Current assets: 6 Cash $ 75,000 $ 90,000 7 Accounts receivable 158,000 140,000 8 Inventory 285,000 246,000 9 Prepaid expenses 11.000 16,000 10 11 Current liabilities 12 Accounts payable 284.000 302.000 13 Accrued liabilities 9,500 11.200 14 Income taxes payable 27,000 24,000 15 15 Net income $ 94,500 17 18 Accumulated depreciation 19 total credits $ 45,000 20 e 4 5 P 3 L L t 90 A 00 g id D h 3 P 1 9 F b S m Saved Help B C D E F G H 19 total credits $ 45,000 20 ment 6 G13 21 Floor Company did not record any gains or losses during the year. 22 23 Prepare a schedule of net cash provided by operating activities. 24 25 26 27 FloorCo, Inc. Operating Activities Section of the Statement of Cash Flows 28 Net income 29 Adjustments to reconcile net income to net cash provided by operations: 30 Depreciation 31 Increase in accounts receivable 32 Increase in inventory 33 Decrease in prepaid expenses 34 Decrease in accounts payable 35 Decrease in accrued liabilities Increase in income taxes payable 36 37 Net cash provided by operating activities W S X 4 AP 3 4 9 P 3 L 5735 V CHE 10 t Y 9 47 L B O 90 g h j 1 b 1 60 k E 0 0