Question
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
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 $152,000. Depreciation expense was $24,900. 2020 2019 Current assets Cash Accounts receivable Inventory Prepaid expenses $106,600 $99,100 109,700 77,900 157,000 171,900 26.700 25.100 Total current assets Current liabilities $400,000 $374,000 Accrued expenses payable Accounts payable $14,600 85,500 $100,100 $8,400 95,100 $103,500 4 CALCULATOR PRINTER VERSION BACK 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 21, 2020, using the indirect method. (Show amounts that decrease cash flow with either a sign eg. 15.000 or in parenthesis eg. (15.000).) SCOGGIN INC. Partial Statement of Cash Flows Adjustments to reconcile net income to SCOGGIN 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 CALCULATOR PRINTER V 10G
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