Information from Pacific Company's income statement for the year ended December 31, 2022 is shown below. Additional information from Pacific Company's comparative balance sheet is also shown below. Sales. Cost of Goods Sold. Gross Profit... Wages and Salaries Expense. Depreciation Expense....... Other Operating Expenses... Income from Operations. Gain on Sale of Equipment.. Income before Income Taxes. Income Tax Expense. Net Income.. Additional Information: Decrease in Accounts Receivable. Increase in Merchandise Inventory... Decrease in Prepaid Insurance.. Decrease in Accounts Payable.. Increase in Taxes Payable... Increase in Long-Term Notes Payable... $268,000 118,000 $150,000 48,000 20,000 24,000 $ 58,000 10,000 $ 68,000 12,000 $56,000 $ 6,000 24,000 15,000 18,000 5,000 20,000 Time left 0:57:21 Required: Based on the information provided, calculate Pacific Company's net cash provided by operating activities using the indirect method. Do NOT prepare the entire statement of cash flows (just operating activities), Show all of your calculations. (10 points possible)

Information from Pacific Company's income statement for the year ended December 31,2022 is shown below. Additional information from Pacific Company's comparative balance sheet is also shown below. Required: Based on the information provided, calculate Pacific Company's net cash provided by operating activities using the indirect method. Do NOT prenare the entire statement of cash flows (just operating activities), Show all of your calculations. (10 points possible)