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The current sections of Monty Corp's balance sheets at December 31, 2021 and 2022, are presented here. Monty Corp's net income for 2022 was $244.800.
The current sections of Monty Corp's balance sheets at December 31, 2021 and 2022, are presented here. Monty Corp's net income for 2022 was $244.800. Depreciation expense was $43,200. Rectangular Snie 2022 2021 Current assets Cash $168,000 $ 158,400 Accounts receivable 128,000 142,400 Inventory 268,800 275,200 Prepaid expenses 43,200 35,200 Total current assets $608,000 $611,200 Current liabilities Accrued expenses payable $ 24,000 $ 8,000 Accounts payable 136,000 147,200 Total current liabilities $160,000 $ 155,200 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 - signe.g. -15,000 or in parenthesis e.g. (15,000).) Monty Corp. Partial Statement of Cash Flows Rectarlar Snip $ Adjustments to reconcile net income to > $
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