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please answer these questions! Question 4 The current sections of Scoggin Inc.'s balance sheets at December 31, 2016 and 2017, are presented here. Scoggin's net
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Question 4 The current sections of Scoggin Inc.'s balance sheets at December 31, 2016 and 2017, are presented here. Scoggin's net income for 2017 was $152,000. Depreciation expense was $24,200. 2017 2016 Current assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Current liabilities Accrued expenses payable Accounts payable Total current liabilities $100,500 109,800 157,400 26,000 $393,700 $97,200 77,900 171,700 25,900 $372,700 $15,600 85,900 $101,500 $8,500 95,100 $103,600 Prepare the net cash provided by operating activities section of the company's statement of cash flows for the year ended De 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 v $ Adjustments to reconcile net income to > > > > Step by Step Solution
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