Calculoss

CONCORD INC. Statement of Cash Flows (Partial) - Indirect Method For the Year Ended December 31, 2022 Cash Flows from Operating Activities Net Income 153800 Ijustments to reconcile net income to Net Cash Provided by Operating Activities + Depreciation Expense 23200 Decrease in Accounts Receivable Decrease in Inventory ncrease in Prepaid Expenses ncrease in Accrued Expenses Payable Decrease in Accounts Payable Net Cash Provided by Operating Activities + $The current sections of Concord Inc.'s balance sheets at December 31, 2021 and 2022, are presented here. Concord's net income for 2022 was $153,800. Depreciation expense was $23,200. 2022 2021 Current assets Cash $109,400 $102,300 Accounts receivable 72,000 80,700 Inventory 165,300 171,300 Prepaid expenses 26,000 21,300 Total current assets $372,700 $375,600 Current liabilities Accrued expenses payable $15,400 $5,800 Accounts payable 86,000 95,300 Total current liabilities $101,400 $101,100 Prepare the net cash provided by operating activities section of the company's 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).)