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Exercise 13-5 Z Your answer is partially correct. Try again The current sections of Scoggin Inc.'s balance sheets at December 31, 2014 and 2015, are
Exercise 13-5 Z Your answer is partially correct. Try again The current sections of Scoggin Inc.'s balance sheets at December 31, 2014 and 2015, are presented here. Scoggin's net income for 2015 was $153,000. Depreciation expense was $24,000. 2015 2014 Current assets Cash $99,000 $105,000 Accounts receivable 110,000 89,000 158,000 172,000 Inventory 22,000 27,000 Prepaid expenses $400,000 $382,000 Total current assets Current liabilities $15,000 $5,000 Accrued expenses payable 92,000 85,000 Accounts payable $100,000 $97,000 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, 2015, 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).)
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