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The current sections of Monty Corp's balance sheets at December 31, 2021 and 2022, are presented here. Monty's net income for 2022 was $153,200. Depreciation
The current sections of Monty Corp's balance sheets at December 31, 2021 and 2022, are presented here. Monty's net income for 2022 was $153,200. Depreciation expense was $28,000. Current assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Current liabilities Accrued expenses payable Accounts payable Total current liabilities 2022 $107,100 78,300 167,000 26,100 $378,500 $14,100 85,600 $99,700 2021 $95,400 87,900 171,800 22,100 $377,200 $8,900 95,600 $104,500 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-sign e.g. -15,000 or in parenthesis e.g. (15,000).)
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