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Chapter 12-Exercise 2 Alfalsal Unlversity Task Team: I'he current sections of Zamani.'s balance sheets at December 31, 2011 and 2012, are presented here. Zamani's net
Chapter 12-Exercise 2 Alfalsal Unlversity Task Team: I'he current sections of Zamani.'s balance sheets at December 31, 2011 and 2012, are presented here. Zamani's net income for 2012 was $153,000. Depreciation expense was $27,000 Current assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Current liabilities Accrued expenses payable 2012 2011 S 105,000 99,000 80,000 168,000 27.000 89,000 172,000 22,000 S 380,000 S 382,000 S 15,000 S 5,000 S 100,000 S 97,000 85,000 92,000 Accounts payable Total current liabilities Prepare the net cash provided by operating activities section of the company's statement of cash flows for the year ended on Dec 31, 2012 using the indirect method
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