Exercise 17-05 (video) Your answer is partially correct. Try again. 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 $154,300. Depreciation expense was $24,000. 2020 2019 Current assets Cash Accounts receivable Inventory Prepaid expenses $108,700 111,300 158,700 26,100 $404,800 $99,800 78,900 172,300 25,300 $376,300 Total current assets Current liabilities Accrued expenses payable Accounts payable $15,900 85,100 $101,000 $9,300 95,400 $104,700 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, 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 For the Year Ended December 31, 2020 Cash Flows from Operating Activities Net Income 154300 Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense 12856 Increase in Accounts Receivable 32400 in Inventory Increase in Prepaid Expenses Increase in Accrued Expenses Payable Decrease in Accounts Payable 10300 10444 Net Cash Provided by Operating Activities 14385