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The current sections of Marigold Corps balance sheets at December 31, 2021 and 2022, are presented here. Marigold's net income for 2022 was $152.800. Depreciation
The current sections of Marigold Corps balance sheets at December 31, 2021 and 2022, are presented here. Marigold's net income for 2022 was $152.800. Depreciation expense was $27.400. 2022 2021 Current assets Cash $106,100 $96,800 Accounts receivable 80.100 90,300 Inventory 168,300 171.500 Prepaid expenses 26,900 22.300 Total current assets $381,400 $380.900 Current liabilities Accrued expenses payable $14.900 $9.200 Accounts payable 84,800 95.900 Total current liabilities $99.700 $105,100 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-signe.g.-15,000 or in parenthesis eg. (15,000).) Marigold Corp. Statement of Cash Flows (Partial) - Indirect Method Adjustments to reconcile net income to $ v e Textbook and Media
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