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Exercise 17-5 The current sections of Scoggin Inc.'s balance sheets at December 31, 2016 and 2017, are presented here. Scoggin's net income for 2017 was

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Exercise 17-5 The current sections of Scoggin Inc.'s balance sheets at December 31, 2016 and 2017, are presented here. Scoggin's net income for 2017 was $154,200. Depreciation expense was $24,300. 2017 2016 Current assets Cash $107,800 $96,400 Accounts receivable 109,700 78,700 Inventory 157,000 172,500 Prepaid expenses 26,500 25,500 $373,100 Total current assets $401,000 Current liabilities $15,100 Accrued expenses payable Accounts payable Total current liabilities $9,800 95,400 84,100 $99,200 $105,200 Prepare the net cash provided by operating activities section of the company's statement of cash flows for the year ended Decem amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

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