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The current sections of Scoggin Inc.s balance sheets at December 31, 2014 and 2015, are presented here. Scoggins net income for 2015 was $153,000. Depreciation

The current sections of Scoggin Inc.s balance sheets at December 31, 2014 and 2015, are presented here. Scoggins net income for 2015 was $153,000. Depreciation expense was $24,000.

2015

2014

Current assets
Cash

$105,000

$99,000

Accounts receivable

110,000

89,000

Inventory

158,000

172,000

Prepaid expenses

27,000

22,000

Total current assets

$400,000

$382,000

Current liabilities
Accrued expenses payable

$15,000

$5,000

Accounts payable

85,000

92,000

Total current liabilities

$100,000

$97,000

Prepare the net cash provided by operating activities section of the companys statement of cash flows for the year ended December 31, 2015, 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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