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The current sections of Ivanhoe Company's balance sheets at December 31, 2021 and 2022, are presented here. Ivanhoe Company's net income for 2022 was $165,100.
The current sections of Ivanhoe Company's balance sheets at December 31, 2021 and 2022, are presented here. Ivanhoe Company's net income for 2022 was $165,100. Depreciation expense was $27,300. 2022 2021 Current assets Cash $40,300 $57,850 Accounts receivable 55,250 44,850 Inventory 50,700 40,300 Prepaid expenses 11,050 12,350 Total current assets $157,300 $155,350 Current liabilities Accrued expenses payable $3,900 $10,400 Accounts payable 57,200 46,800 Total current liabilities $61,100 $57,200 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 eg. (15,000).) Ivanhoe Company Partial Statement of Cash Flows For the Year Ended December 31, 2022 Cash Flows from Operating Activities - Net Income 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 eg. (15,000).) Ivanhoe Company Partial Statement of Cash Flows For the Year Ended December 31, 2022 Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to
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