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Exercise 12-04 Skysong, Inc. reported net income of $196,870 for 2022. Skysong, Inc. also reported depreciation expense of $36,940 and a loss of $4,720 on

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Exercise 12-04 Skysong, Inc. reported net income of $196,870 for 2022. Skysong, Inc. also reported depreciation expense of $36,940 and a loss of $4,720 on the disposal of plant assets. The comparative balance sheets show an increase in accounts receivable of $13,760 for the year, a $16,070 increase in accounts payable, and a $4,250 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 - sign e.g.-15,000 or in parenthesis e.g. (15,000).) Skysong, Inc. Partial Statement of Cash Flows Adjustments to reconcile net income to $ Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT

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