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E17.5 (LO 2), AP The current sections of Sunn Inc.'s balance sheets at December 31, 2021 and 2022, are presented here. Sunn's net income
E17.5 (LO 2), AP The current sections of Sunn Inc.'s balance sheets at December 31, 2021 and 2022, are presented here. Sunn's net income for 2022 was $153,000. Depreciation expense was $27,000. 2022 2021 Current assets Cash $105,000 $99,000 Accounts receivable 80,000 89,000 Inventory Prepaid expenses 168,000 172,000 27,000 22,000 Total current assets Current liabilities $380,000 $382,000 Accrued expenses payable $ 15,000 $5,000 Accounts payable Total current liabilities 85,000 92,000 $100,000 $ 97,000 Instructions Prepare the operating activities section of the company's statement of cash flows for the year ended December 31, 2022, using the indirect method. Prepare statement of cash flows-indirect method.
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