Ray Inc.s Balance Sheets At December 31, 2021, and 2022

Instructions Prepare the net cash provided by operating activities section of the compa the year ended December 31, 2022, using the indirect method. E126 (LO 2), AP The current sections of Ray Inc.'s balance sh sented here. Ray's net income for 2022 was $254.000. Depreciation expense S section of the company's statement of cash flows for the operating activities -Indirect method Kay Inc.'s balance sheets at December 31, 2021 and 2022, are pre- 00 Depreciation expense was $42.000 2021 $ 89,000 69,000 62,000 2022 Current assets Cash $ 62,000 Accounts receivable 85,000 Inventory 78,000 Prepaid expenses 17,000 19,000 Total current assets 5242,000 $239,000 Current liabilities Accrued expenses payable $ 6,000 $ 16,000 Accounts payable 88.000 72,000 Total current liabilities $ 94,000 S 88.000 Instructions Prepare the net cash provided by operating activities section of the company's statement of c the year ended December 31, 2022, using the indirect method o ws for