Directions: Prepare the net cash provided by operating activities section of the company's statement of cash flows for the year ended December 31, 2020, 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).)

The current sections of Scoggin Inc.'s balance sheets at December 31, 2019 and 2020, are presented here. Scoggin's net income for 2020 was $154,700. Depreciation expense was $23,000. 2020 2019 Current assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Current liabilities Accrued expenses payable Accounts payable Total current liabilities $101,500 110,500 159,000 26,700 $397,700 $96,100 79,000 172,300 25,600 $373,000 $15,400 85,700 $101,100 $9,800 96,000 $105,800 SCOGGIN INC. Partial Statement of Cash Flows Adjustments to reconcile net income to