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The current sections of Marin Inc's balance sheets at December 31, 2021 and 2022, are presented here. Marin Inc's net income for 2022 was $191,250.
The current sections of Marin Inc's balance sheets at December 31, 2021 and 2022, are presented here. Marin Inc's net income for 2022 was $191,250. Depreciation expense was $33,750. 2022 2021 Current assets $131,250 $ 123,750 Cash Accounts receivable 100,000 111,250 Inventory 210,000 215,000 Prepaid expenses 33,750 27,500 $475,000 $477,500 Total current assets Current liabilities $ 18,750 Accrued expenses payable $6,250 Accounts payable 106,250 115,000 $125,000 $ 121,250 Total current liabilities Prepare the net cash provided (used) 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).) Prepare the net cash provided (used) 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).) Marin Inc. Partial Statement of Cash Flows Adjustments to reconcile net income to $
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