The current sections of Scoggin Inc.s balance sheets at December 31, 2016 and 2017, are presented here. Scoggins net income for 2017 was $152,400. Depreciation expense was $23,900.

Prepare the net cash provided by operating activities section of the companys statement of cash flows for the year ended December 31, 2017, 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).)

Exercise 13-5 The current sections of Scoggin Inc.'s balance sheets at December 31, 2016 and 2017, are presented here Scoggin's net income for 2017 was $152,400. Depreciation expense was $23,900 2017 2016 Current assets Cash Accounts receivable Inventory Prepaid expenses $104,800 111,500 159,000 $96,200 79,200 172,200 26,900231400 Total current assets $402,200 Current liabilities Accrued expenses payable Accounts payable $14,500 84,400 $98,900 $9,800 95,900 105,700 Total current liabilities Prepare the net cash provided by operating activities section of the company's statement of cash flows for the year ended December 31, 2017, using the indirect method e.g. (15,000).)