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The current sections of Larkspur, Inc.'s balance sheets at December 31, 2021 and 2022, are presented here. Larkspur's net income for 2022 was $154,100. Depreciation
The current sections of Larkspur, Inc.'s balance sheets at December 31, 2021 and 2022, are presented here. Larkspur's net income for 2022 was $154,100. Depreciation expense was $26,100. 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 e.g. (15,000).) Larkspur, Inc. Partial Statement of Cash Flows For the Year Ended December 31, 2022 Cash Flows from Operating Activities Net Income $154100 Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense $ 26100 Decrease in Accounts Receivable 9200 Decrease in Inventory 5900 Increase in Prepaid Expenses \begin{tabular}{|} -3800 \\ \hline \end{tabular} Increase in Accrued Expenses Payable 5600 Decrease in Accounts Payable 9800 Depreciation Expense $ 26100 9200 Decrease in Inventory 5900 Increase in Prepaid Expenses 3800 Increase in Accrued Expenses Payable 5600 Decrease in Accounts Payable 9800 Net Cash Provided by Operating Activities
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