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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
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 $150,900. Depreciation expense was $23,200. 2020 2019 $107,500 108,600 158,300 26,700 Current assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Current liabilities Accrued expenses payable Accounts payable Total current liabilities $98,200 80,700 172,400 25,200 $376,500 $401,100 $16,000 84,300 $100,300 $8,100 95,600 $103,700 Prepare the net cash provided by operating activities section of the company's statement of cash flows for the year ended December 31, 2020, 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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