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The current sections of Martinez Corp.s balance sheets at December 31, 2016 and 2017, are presented here. Martinez Corp.s net income for 2017 was $157,131.
The current sections of Martinez Corp.s balance sheets at December 31, 2016 and 2017, are presented here. Martinez Corp.s net income for 2017 was $157,131. Depreciation expense was $27,729 2017 2016 Current assets Cash Accounts receivable [nventorY Prepaid expenses $107,835 82,160 172,530 27,729 300,260 $101,573 91,403 176,644 22,394 Total curent assets $302,31 Current liabilities Accrd expenses payable Accounts payable 15,405 87,295 $102,700 5,135 94,194 599,619 Tatal aurrent 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, 2017, using the indrect method. (Show amounts that decrease cash flow with either a sign e.g. 15,000 or in parenthesis e.g. (75,000).) Martinez Corp. Partial Statement of Cash Flows Adjustments to reconcile net income to
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