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The current sections of Riverbed Corp's balance sheets at December 31, 2016 and 2017, are presented here. Riverbed Corp's net income for 2017 was $162,180.
The current sections of Riverbed Corp's balance sheets at December 31, 2016 and 2017, are presented here. Riverbed Corp's net income for 2017 was $162,180. Deprecation expense was S28,620 017 016 Current assets Cash Accounts recelvable Inventory Prepald expenses $111,300 84,800 178,080 28,620 $402,800 $104,940 94,340 182,320 23,320 $404,920 Total current assets Current liabilities Accrued experises payable Accounts pay 15,900 90,100 $106,000 5,300 97,520 102,820 able Total current liablities 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 Indirect method. (Show amounts that decrease cash flow with eithera - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Riverbed Corp Partial Statement of Cash Flows For the Year Ended December 31, 2017 Cash Flows from Operating Activities Net Income 162,180 Adjustments to reconcile net income to Net Cash Provided by Operating Activities Deprecia tion Expense 28,620 Decrease in Accounts Receivable Decrease in Inventory Increase in Prepaid Expenses Increase in Accrued Expenses Payable Decrease in Accounts Payable Net Cash Provided by Operating Activities Click if you would like to Show Work for this question: Open Show Work
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