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PRINTER VERSION BACK Exercise 17-5 The current sections of Scoggin Inc.'s balance sheets at December 31, 2016 and 2017, are presented here Scoggin's net income

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PRINTER VERSION BACK Exercise 17-5 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 $153,600. Depreciation expense was $23,500. 2017 2016 Current assets Cash $104,600 $98,100 Accounts receivable 108,900 80,100 Inventory 158,600 171,400 Prepaid expenses 26,400 25,100 Total current assets $398,500 $374,700 Current liabilities Accrued expenses payable $14,600 $9,600 Accounts payable 85,200 95,500 Total current liabilities $99,800 $105,100 Prepare the net cash provided 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).) SCOGGIN INC Partial Statement of Cash Flows SCOGGIN INC. Partial Statement of Cash Flows V Adjustments to reconcile net income to > > Click if you would like to ch... lat

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