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Question 1 of 10 < > The current sections of Marigold Corp's balance sheets at December 31, 2021 and 2022, are presented here. Marigold's

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Question 1 of 10 < > The current sections of Marigold Corp's balance sheets at December 31, 2021 and 2022, are presented here. Marigold's net income for 2022 was $152,800. Depreciation expense was $27,400. 2022 2021 Current assets Cash $106,100 $96,800 Accounts receivable 80,100 90,300 Inventory 168,300 171,500 Prepaid expenses 26,900 22,300 Total current assets $381,400 $380,900 Current liabilities Accrued expenses payable $14,900 $9,200 Accounts payable 84,800 95,900 Total current liabilities $99,700 $105,100 1.28/1.7 Prepare the operating activities section of the company's statement of cash flows for the year ended December 31, 2022, 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).) Marigold Corp. Statement of Cash Flows (Partial) - Indirect Method Cash Flows from Operating Activities For the Year Ended December 31, 2022 Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense $ 27400 10 Decrease In Accounts Receivable -10200 Decrease In Inventory -3200 Increase In Prepaid Expenses 4600 Increase In Accrued Expenses Payable 5700 Decrease In Accounts Payable -11100 Net Cash Provided by Operating Activities 152800 13200 166000

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