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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 $153,000

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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 $153,000 Depreciation expense was $24,000 2017 016 Current assets Cash Accounts receivable Inventory Prepaid expenses $105,000 110,000 158,000 27000 $99,000 89,000 172,000 22,000 $382,000 Total current assets Current liabilities 400,000E Accrued expenses payable Accounts payable $15,000 185000 $5.000 92000 $100,000 $97.000 Total current liabilities Prepare the net cash pravided by operating activities section of the company's statement of cash flows for the year ended December 31, 2017, using the indirect method. (Show emounts that decrease cash fow with olther :sig .9:15,000 or in parenthesis e.g (15,000)) SCOGGIN INC Partial Statement of Cash Flows Adjustments to reconcile net income to

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