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Brief Exercise 13-6 The comparative balance sheets for Montalvo Company show these changes in noncash current asset accounts: accounts receivable decrease $80,400, prepaid expenses increase

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Brief Exercise 13-6 The comparative balance sheets for Montalvo Company show these changes in noncash current asset accounts: accounts receivable decrease $80,400, prepaid expenses increase $26,000, and inventories increase $32,800. Compute net cash provided by operating activities using the indirect method assuming that net income is $239,500. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Montalvo Company Statement of Cash Flows-Indirect Method Cash at Beginning of Period Adjustments to reconcile net income to Net Cash Provided by Operating Activities v

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