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The current sections of Ivanhoe Rentals balance sheets at December 31, 2021, and 2020, are presented here. Ivanhoe' profit for 2021 was $159,120. Depreciation expense
The current sections of Ivanhoe Rentals balance sheets at December 31, 2021, and 2020, are presented here. Ivanhoe' profit for 2021 was $159,120. Depreciation expense was $24,960. 2021 2020 Current assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Current liabilities Accrued expenses payable Accounts payable Total current liabilities $109,200 $102,960 114,400 92,560 164,320 178,880 28,080 22,880 $416,000 $397,280 $15,600 $5,200 88,400 95,680 $104,000 $100,880 Prepare the net cash provided by operating activities section of the company's statement of cash flows for the year ended December 31, 2021, using the indirect method. (Show amounts that . PO . . KPI IVANHOE RENTALS Cash Flow Statement (Partial) Adjustments to reconcile profit to
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