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The current sections of Flint Corporation's balance sheets at December 31, 2016 and 2017, are presented here. Flint Corporation's net income for 2017 was $156,213.
The current sections of Flint Corporation's balance sheets at December 31, 2016 and 2017, are presented here. Flint Corporation's net income for 2017 was $156,213. Depreciation expense was $27,567 2017 2016 Current assets $107,20:5 81,680 171,528 27,567 $387,980 101,079 90,869 175,612 22,462 $390,02.2 Cash Accounts receivable Inventory Prepaid expenses Total current assets Current liabilitles $15,315 86,785 $102,100 5,105 93,932 $99,037 Accrued expenses payable Accounts payable Total current liabilities Prepare the net cash provided (used) by operating activities section of the company's statement of cash flows for the year ended December 31, 2017, 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).) Flint Corporation Partial Statement of Cash Flows Adjustments to reconcile net income to
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