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I couldn't take the picture of the rows that followed The current sections of Teal Mountain Inc.'s balance sheets at December 31, 2021 and 2022,
I couldn't take the picture of the rows that followed
The current sections of Teal Mountain Inc.'s balance sheets at December 31, 2021 and 2022, are presented here. Teal Mountain Inc.'s net income for 2022 was $203,200. Depreciation expense was $33,600. 2022 2021 Current assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Current liabilities Accrued expenses payable Accounts payable Total current liabilities $49,600 68,000 62,400 13,600 $193,600 $ 71,200 55,200 49,600 15,200 $191,200 $ 4,800 70,400 $75,200 $ 12,800 57,600 $ 70,400 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).) Teal Mountain Inc. Partial Statement of Cash Flows Adjustments to reconcile net income to ScreenshotStep by Step Solution
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