Exercise 12-05 Your answer is partially correct. Try again. The current sections of Sandhill Co.'s balance sheets at December 31, 2021 and 2022, are presented here. Sandhill Cos net income for 2022 was $137,700. Depreciation expense was $24,300. 2022 2021 Current assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Current liabilities Accrued expenses payable Accounts payable Total current liabilities $94,500 72,000 151,200 24,300 $342,000 $ 89,100 80,100 154,800 19,800 $343,800 $ 13,500 76,500 $90,000 $ 4,500 82,800 $87,300 Prepare the net cash provided (used) by operating activities section of the company's statement of cash flows for the year anded December 31, 2022, using the Indirect method. (Show amounts that decrease cash flow with either a - sign .g. -45,000 or in parenthesse.g. (15,000).) Sandhill Co. Partial Statement of Cash Flows For the Year Ended December 31, 2022 Partial Statement of Cash Flows For the Year Ended December 31, 2022 Cash Flows from Operating Activities Net Income 137,700 Adjustments to reconcile net income to Cash Flows from Investing Activities Depreciation Expense 24,300 Increase in Accrued Expenses Payable 9000 Decrease in Inventory 3,600 Decrease in Accounts Payable Decrease in Accounts Receivable 8,100 Decrease in Prepaid Expenses -4,500 10,800 Net Cash Provided by Operating Activities 148,500 cy Policy annn01