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search View Policies Current Attempt in Progress The current sections of Sheffield Inc's balance sheets at December 31, 2021 and 2022, are presented here. Sheffield's
search View Policies Current Attempt in Progress The current sections of Sheffield Inc's balance sheets at December 31, 2021 and 2022, are presented here. Sheffield's net income for 2022 was $154,700. Depreciation expense was $23,000. Current assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Current liabilities Accrued expenses payable Accounts payable Total current liabilities 2022 $101,500 69,000 168,500 26,700 $15,400 85,700 2021 $101,100 $96,100 79,000 $365,700 $369,700 172,300 22,300 $5,800 92,000 $97,800 Prepare the net cash provided by 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).) SHEFFIELD INC. Statement of Cash Flows (Partial) - Indirect Method amazon
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