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The current sections of Scoggin Inc.s balance sheets at December 31, 2016 and 2017, are presented here. Scoggins net income for 2017 was $152,200. Depreciation

The current sections of Scoggin Inc.s balance sheets at December 31, 2016 and 2017, are presented here. Scoggins net income for 2017 was $152,200. Depreciation expense was $24,500

2017

2016

Current assets

Cash

$102,400

$96,100

Accounts receivable

110,900

80,000

Inventory

157,000

172,800

Prepaid expenses

26,800

25,600

Total current assets

$397,100

$374,500

Current liabilities

Accrued expenses payable

$15,800

$8,700

Accounts payable

86,000

95,600

Total current liabilities

$101,800

$104,300

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).)

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