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S Y Exercise 17-05 (Video) The current sections of Scoggin Inc.'s balance sheets at December 31, 2019 and 2020, are presented here. Scoggin's net income
S Y Exercise 17-05 (Video) The current sections of Scoggin Inc.'s balance sheets at December 31, 2019 and 2020, are presented here. Scoggin's net income for 2020 was $151,500. Depreciation expense was $23,000. 2020 2019 Current assets Cash $100,900 $97,800 Accounts receivable 109,500 78,300 Inventory 158,300 173,000 Prepaid expenses 27,000 25,300 Total current assets $395,700 $374,400 Current liabilities Accrued expenses payable $15,700 $9,000 Accounts payable 84,700 96,000 Total current liabilities $100,400 $105,000 Prepare the net cash provided by operating activities section of the company's statement of cash flows for the year ended December 31, 2020, using the indirect method. (Show amounts SCOGGIN INC. Partial Statement of Cash Flows Adjustments to reconcle net income to > > > > > > V Click if you would like to show Work for this question: Open Show Work
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