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Crane Company reported net income of $172,780 for 2022. Crane Company also reported depreciation expense of $33,750 anda loss of $5.470 on the disposal of

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Crane Company reported net income of $172,780 for 2022. Crane Company also reported depreciation expense of $33,750 anda loss of $5.470 on the disposal of plant assets. The comparative balance sheets show an increase in accounts receivable of $14.400 for the year, a $15,400 Increase in accounts payable, and a $3,680 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-signeg.-15,000 or in parenthesis eg. (15,000).) Crane Company Partial Statement of Cash Flows For the Year Ended December 31, 2022 Cash Flows from Operating Activities Net Income $ 237.150 Adjustments to reconcile net income to Cash Flows from Operating Activities > Depreciation Expense $ 13,950 Decrease in Accounts Receivable 6,200 Increase in Prepaid Expenses -7.750 Increase in Accounts Payable 15,500 Decrease in Accounts Payable > - 10,850 58.900 mm

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