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The current sections of Oriole Inc's balance sheets at December 31, 2021 and 2022, are presented here. Oriole's net income for 2022 was $152.400.
The current sections of Oriole Inc's balance sheets at December 31, 2021 and 2022, are presented here. Oriole's net income for 2022 was $152.400. Depreciation expense was $23,900. 2022 2021 Current assets Cash $104,800 $99,500 Accounts receivable 70,000 79,200 Inventory 168,500 172,200 Prepaid expenses 26,900 22,300 Total current assets $370,200 $373,200 Current liabilities Accrued expenses payable $14,500 $6,800 Accounts payable 84,400 91,500 Total current liabilities $98,900 $98,300 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. (Show amounts that decrease cash flow with either a-sign eg.-15,000 or in parenthesis eg. (15,000).)
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