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Exercise 13-5 (Video) The current sections of Scoggin Inc.'s balance sheets at December 31, 2019 and 2020, are presented here. Scoggin's net income for 2020

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Exercise 13-5 (Video) The current sections of Scoggin Inc.'s balance sheets at December 31, 2019 and 2020, are presented here. Scoggin's net income for 2020 was $151,300. Depreciation expense was $23,300. 2020 2019 Current assets Cash Accounts receivable Inventory Prepaid expenses $109,700 111,300 159,000 26,000 $406,000 $95,500 77,000 173,000 25,500 $371,000 Total current assets Current liabilities Accrued expenses payable Accounts payable $14,800 85,100 $99,900 $8,600 95,900 $104,500 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, 2020, usl with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) SCOGGIN INC. Partial Statement of Cash Flows S Prepare the net cash provided by operating activities section of the company's statement of cash flows for the year en 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 dy 4 $ $

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