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 $317,500. Depreciation expense was $52,500. 

 

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.

Current assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Current liabilities Accrued expenses payable Accounts payable Total current liabilities 2022 2021 $77,500 $111,250 106,250 97,500 21,250 $302,500 86,250 77,500 23,750 $298,750 $7,500 $ 20,000 110,000 90,000 $117,500 $110,000