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f Ch 12: Homework Question 8 of 15 -/5 III View Policies Current Attempt in Progress The current sections of Larkspur, Inc's balance sheets at
f Ch 12: Homework Question 8 of 15 -/5 III View Policies Current Attempt in Progress The current sections of Larkspur, Inc's balance sheets at December 31, 2021 and 2022, are presented here. Larkspur, Inc's net income for 2022 was $368,300. Depreciation expense was $60,900. 2022 2021 Current assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Current liabilities Accrued expenses payable Accounts payable Total current liabilities $89,900 123,250 113,100 24,650 $350,900 $ 129,050 100,050 89,900 27,550 $346,550 $8,700 127,600 $136,300 $ 23,200 104,400 $ 127,600 Prepare the net cash provided by operating activities section of the company's statement of cash flows for the year ended December 31, 2022, 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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