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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,
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 $154,200. Depreciation expense was $24,300. Current assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Current liabilities Accrued expenses payable Accounts payable Total current liabilities 2020 2019 $107,800 $96,400 109,700 78,700 157,000 172,500 26,500 25,500 $401,000 $373,100 $15,100 84,100 $99,200 $9,800 95,400 $105,200 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).)
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