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he System Announcements The current sections of Scoggin Inc.'s balance sheets at December 31, 2019 and 2020, are presented here. Scoggin's net income for 2020

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he System Announcements 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 $154,100. Depreciation expense was $23,100. 2020 2019 Current assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Current liabilities Accrued expenses payable Accounts payable Total current liabilities $101,100 111,400 157,000 26,600 $396,100 $97,000 80,600 172,900 25,800 $376,300 $15,600 85,800 $101,400 $10,000 95,600 $105,600 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 154,100 Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Experts SL T increase in Accounts Receivable 0 T 30,000 Decrease in Inventory 0 T 15,900 Increase in Prepaid Expenses T 3 00 Increase in Accrued Expenses Payable T 1 4,600 9800 Decrease in Accounts Payable 12200 166300 Net Cash Provided by Operating Activities Click if you would like to Show Work for this questioni Open Show Work MacBook Air

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