Question 13 of 15 1.15/3 View Policies Show Attempt History Current Attempt in Progress Your answer is partially correct. Larkspur Company reported net income of $490.000 for the current year. Depreciation recorded on buildings and equipment amounted to 577,000 for the year Balances of the current asset and current liability accounts at the beginning and end of the year are as follows: End of Year Beginning of Year $20.500 $19.600 Cash Accounts receivable 27,000 35,500 Inventory 54,500 60.500 Accounts payable 13,200 17.100 OP tv Question 13 of 15 1.15/3 Prepare the cash flows from the operating activities section of the statement of cash flows using the indirect method (Show mounts that decrease cash flow with either a signes. -15,000 or in parenthesis es (15,0001) LARKSPUR COMPANY Partial Statement of Cash Flows Net Income / (Low) 220,000 Adjustments to reconcile net income to Depreciation Expense Decrease in Accounts Receivable Increase in Accounts Receivable Decrease in inventory ) LA sty Ch 12: Homework Question 13 of 15 > 1.15/3 E Debreciation Extense Decrease in Accounts Receivable Increase in Accounts Receivable 10000 Decrease in Inventory Decrease in Accounts Payable 17.200-10.200 Net Cash Provided by Operating Activities 286.000 e Textbook and Media Sve for Later Attempts: 3 of 5 used Submit