Question
The current sections of Bellinham Inc.'s balance sheets at December 31, 2010 and 2011, are presented here. Bellinham's net income for 2011 was $154,810. Depreciation
The current sections of Bellinham Inc.'s balance sheets at December 31, 2010 and 2011, are presented here.
Bellinham's net income for 2011 was $154,810. Depreciation expense was $25,760.
2011 | 2010 | ||
Current assets | |||
Cash | $104,820 | $98,140 | |
Accounts receivable | 111,640 | 88,710 | |
Inventory | 157,480 | 172,810 | |
Prepaid expenses | 26,440 | 22,560 | |
Total current assets | $400,380 | $382,220 | |
Current liabilities | |||
Accrued expenses payable | $14,470 | $5,200 | |
Accounts payable | 85,490 | 92,110 | |
Total current liabilities | $99,960 | $97,310 |
Prepare the net cash provided by operating activities section of the company's statement of cash flows for the year ended December 31, 2011, using the indirect method. (List amounts from largest positive to smallest positive followed by most negative to least negative, e.g. 15, 14, 10, -17, -5, -1. If amount decreases cash flow, use either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)
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