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The current sections of Lily Inc.'s balance sheets at December 31, 2021 and 2022, are presented here. Lily's net income for 2022 was $154,300. Depreciation
The current sections of Lily Inc.'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. 2022 2021 Current assets Cash $108,700 $99,800 Accounts receivable 81,300 88,900 Inventory 168.700 172,300 Prepaid expenses 26,100 22,300 Total current assets $384,800 $383,300 Current liabilities Accrued expenses payable $15,900 $9,300 Accounts payable 85.100 95,400 Total current liabilities $101,000 $ $104,700 $ 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 eg.-15,000 or in parenthesis eg. (15,000).) LILY INC. Partial Statement of Cash Flows For the Year Ended December 31, 2022 Net Cash Provided by Operating Activities Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities $
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