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Current Attempt in Progress The current sections of Bonita Inc's balance sheets at December 31, 2021 and 2022, are presented here. Bonita's net income for

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Current Attempt in Progress The current sections of Bonita Inc's balance sheets at December 31, 2021 and 2022, are presented here. Bonita's net income for 2022 was $150,500. Depreciation expense was $25,000. 2022 2021 Current assets Cash $ 107,500 $ 101,500 Accounts receivable 69,000 77,200 Inventory 168,500 172.100 Prepaid expenses 26.200 21,800 Total current assets $371,200 $372,600 Current liabilities Accrued expenses payable $14.400 $6,100 Accounts payable 85,700 92.000 Total current liabilities $100,100 $98, 100 For the Year Ended December 31, 2022 Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense Decrease in Inventory > Increase in Prepaid Expenses

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