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Prepare the operating activities section indirect method. E12-5B The current sections of Albert Inc.'s balance sheets at December and 2017, are presented here. Albert's net
Prepare the operating activities section indirect method. E12-5B The current sections of Albert Inc.'s balance sheets at December and 2017, are presented here. Albert's net income for 2017 was Depreciation expense was $17,000. (LO 2), AP 2017 2016 Current assets Cash $105,000 $ 99,000 Accounts receivable 80,000 89,000 Inventory 168,000 172,000 Prepaid expenses 27.000 22.000 Total current assets $380.000 $382.000 Current liabilities Accrued expenses payable $ 15,000 $ 5,000 Accounts payable 85.000 92.000 Total current liabilities $100,000 S 97.000 Instructions Prepare the net cash provided by operating activities section of the co statement of cash flows for the year ended December 31, 2017 using the method. Prepare the operating activities section indirect method. E12-5B The current sections of Albert Inc.'s balance sheets at December and 2017, are presented here. Albert's net income for 2017 was Depreciation expense was $17,000. (LO 2), AP 2017 2016 Current assets Cash $105,000 $ 99,000 Accounts receivable 80,000 89,000 Inventory 168,000 172,000 Prepaid expenses 27.000 22.000 Total current assets $380.000 $382.000 Current liabilities Accrued expenses payable $ 15,000 $ 5,000 Accounts payable 85.000 92.000 Total current liabilities $100,000 S 97.000 Instructions Prepare the net cash provided by operating activities section of the co statement of cash flows for the year ended December 31, 2017 using the method
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