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The current sections of Vaughn Inc.'s balance sheets at December 31, 2021 and 2022, are presented here. Vaughn's net income for 2022 was $189,140. The
The current sections of Vaughn Inc.'s balance sheets at December 31, 2021 and 2022, are presented here. Vaughn's net income for 2022 was $189,140. The income statement included depreciation expense, $24,500, amortization expense, $9,800, and a gain on disposal of equipment, $6,860. The equipment was sold for $46,060. Vaughn also issued bonds for $58,800. 2022 2021 Current assets Cash $408,660 $ 97,020 Accounts receivable 117,600 91,140 Inventory 155,820 172,480 Prepaid expenses 28,420 23,520 Total current assets $710,500 $384,160 Current liabilities Accrued expenses payable 16,660 $ 5,880 Accounts payable 86,240 92,120 Total current liabilities $102,900 $ 98,000 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 e.g.-15,000 or in parenthesis e.g. (15,000).) VAUGHN INC. Partial Statement of Cash Flows $ Adjustments to reconcile net income to - $
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