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Selected financial information for Under Armor appears below Exercise Twelve 12/31/2022 12/31/2021 Cash 11,000 12,250 Accounts receivable 190,000 180,500 Prepaid rent 2,000 3,500 Inventory
Selected financial information for Under Armor appears below Exercise Twelve 12/31/2022 12/31/2021 Cash 11,000 12,250 Accounts receivable 190,000 180,500 Prepaid rent 2,000 3,500 Inventory 83,400 76.000 Office furniture 21,000 Land 0 15.000 Accounts payable 12,200 15.200 Under Armor also reports $335.000 in net income and $3,000 in deprecation expense during 2022 The net income included a $1,000 gain on the sale of its land Instructions Using the above information, prepare the operating activities section of the statement of cash flows for the year ended December 31, 2022, in good form, using the indirect method Ed View In Farm Tom C O
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