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Exercise 13-5 The current sections of Scoggin Inc.'s balance sheets at December 31, 2016 and 2017, are presented here. Scoggin's net income for 2017 was
Exercise 13-5 The current sections of Scoggin Inc.'s balance sheets at December 31, 2016 and 2017, are presented here. Scoggin's net income for 2017 was $152,000. Depreciation expense was $24,900. 2017 2016 Current assets Cash $106,600 $99,100 Accounts receivable 109,700 77,900 Inventory 157,000 171,900 Prepaid expenses 26,700 25,100 $400,000 $374,000 Total current assets Current liabilities Accrued expenses payable $14,600 $8,400 Accounts payable 85,500 95,100 $100.100 $103,500 Total current liabilities . Prepare the net cash provided by operating activities section of the company's statement of cash flows for the year ended December 31, 2017, 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).) | SCOGGIN INC. Partial Statement of Cash Flows Adjustments to reconcile net income to
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