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Bonita Company reported net income of $ 199,300 for 2022. Bonita also reported depreciation expense of $ 46,900 and a loss of $ 6.500 on
Bonita Company reported net income of $ 199,300 for 2022. Bonita also reported depreciation expense of $ 46,900 and a loss of $ 6.500 on the disposal of plant assets. The comparative balance sheet shows an increase in accounts receivable of $ 17,600 for the yea a $ 19,600 increase in accounts payable, and a $4.900 increase in prepaid expenses. 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-signe.g. - 15,000 or in parenthesis eg. (15,000).) BONITA COMPANY Statement of Cash Hows (Partial) - Indirect Method For the Year Ended December 31, 2022 Cash Flows from Operating Activitles Net Income $ 199300 Adjustments to reconcile net income to Cash Flows from Operating Activities Depreciation Expense $ 46900 Loss on Disposal of Plant Assets 6500 Decrease in Accounts Recevable V 17600 Increase in Accounts Payable 19600 Decrease in Prepeld Expenses 4900 95500 NetCash Provided by Operating Activities $ 294800
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