The current sections of Lily Inc.$\text{'}$s balance sheets at December $31,2021$ and $2022,$ are presented here. Lily's net income for $2022$ was

$$154,300.$ Depreciation expense was $$27,000.$

Current assets

Current liabilities

Prepare the 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$.(15,000).)$

LILY INC.

Partial Statement of Cash Flows

Adjustments to reconcile net income to