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Practice Exercise 1 The current sections of Monty Corp.'s balance sheets at December 31, 2016 and 2017, are presented here. Monty Corp's net income for

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Practice Exercise 1 The current sections of Monty Corp.'s balance sheets at December 31, 2016 and 2017, are presented here. Monty Corp's net income for 2017 was $166,464. Depreciation expense was $29,376 2017 2016 Current assets 107,.712 96,832 187,136 23,936 $415,616 $114.240 87,040 182,784 29,376 Cash Accounts receivable Inventory Prepaid expenses $413,440SAtE S Total current assets Current liabilities 16,320 92,480 $108,800 $ 5,440 100,096 s 105,536 Accrued expenses payable Accounts payable Total current liabilities Prepare the net cash provided (used) by operating activities section of the company's statement of cash flows for the year ended December 31, 2017, 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).)

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