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E17.5 (LO 2) Financial Statement The current sictions of Scoggin Inc.'s balance sheets at December 31, 2019 and 2020, are presented here. Scoggin's net income

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E17.5 (LO 2) Financial Statement The current sictions of Scoggin Inc.'s balance sheets at December 31, 2019 and 2020, are presented here. Scoggin's net income for 2020 was $153,000. Depreciation expense was $24,000 2020 2019 Current assets Cash $105,000 $ 99,000 Accounts receivable 110,000 89,000 Inventory 158,000 172,000 Prepaid expenses 27,000 22,000 Total current assets $400,000 $382,000 Current liabilities Accrued expenses payable $ 15,000 $ 5,000 Accounts payable 85,000 92,000 Total current liabilities $100,000 $ 97,000 Instructions 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. 1.1.1. f. Cuman Carnars

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