Prepare a schedule of net cash provided by operating activities. X 5 Prepare the Operating Activities Section of a Statement of Cash Flows using the Indire... ? FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In Calibri 11 A A % M Paste BIU- Cells Editing Alignment Number Conditional Format as Cell Formatting Table Styles Styles Clipboard Font H8 A F G H B D E 1 The following information is for FloorCo, Inc. for the year just ended: 2 3 4 End of year year S 75,000 $ 158,000 285,000 11,000 90,000 140,000 246,000 16,000 5 Current assets: 6 Cash 7 Accounts receivable 8 Inventory 9 Prepaid expenses 10 11 Current liabilities 12 Accounts payable 13 Accrued liabiities 14 Income taxes payable 284,000 9,500 27,000 302,000 11,200 24,000 15 16 Net income $ 94,500 17 18 Accumulated depreciation total credits 19 $ 45,000 20 21 Floor Company did not record any gains or losses during the year. 22 23 Prepare a schedule of net cash provided by operating activities. 24 25 FloorCo, Inc. 26 Operating Activities Section of the Statement of Cash Flows 27 28 Net income 29 Adjustments to reconcile net income to net cash provided by operations: 30 Depreciation 31 Increase in accounts receivable 32 Increase in inventory 33 Decrease in prepaid expenses 34 Decrease in accounts payable 35 Decrease in accrued liabilities 36 Increase in income taxes payable 37 Net cash provided by operating activities 38 39