Lily Company reported net income of $$193,200$ for $2022.$ Lily also reported depreciation expense of $$41,700$ and a loss of $$5,100$ on the disposal of plant assets. The comparative balance sheets show an increase in accounts receivable of $$16,400$ for the year, a $$18,400$ increase in accounts payable, and a $$3,400$ increase in prepaid expenses.

Prepare the operating activities section of the statement of cash flows for $2022.$ Use the indirect method. $($Show amounts that decrease cash flow with either a $-$ sign es$.-15,000$ or in parenthesis e$.$s$.(15,000).)$

LILY COMPANY

Partial Statement of Cash Flows

Adjustments to reconcile net income to