The current sections of Waterway Inc's balance sheets at December 31, 2021 and 2022, are presented here. Waterway's net income for 2022 was $150,300. Depreciation expense was $26,900. Current assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Current liabilities Accrued expenses payable Accounts payable Total current liabilities 2022 $103,300 78,900 167,700 26,900 $14,000 85,900 2021 $99,900 $97.000 90,100 $376,800 $382,600 172,900 22,600 $8,100 95,400 $103,500 P Prepare the 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 eg. (15,000).)

The current sections of Waterway Inc's balance sheets at December 31, 2021 and 2022, are presented here. Waterway's net income for 2022 was $150,300. Depreciation expense was $26,900 Prepare the 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-signe 8,15,000 or in parenthesis eg (15,000) ). WATERWAY INC. Partial Statement of Cash Flows For the Year Ended December 31, 2022 Cash Flows from Operating Actlvitles Net income $150300 Adjustments to reconcile net income to Net Cash Provlded by Operating Actlvitles Depreclation Expense Decrease In Accounte Recelvable Decrease in Inventory Increase in Prepald Expenses Increase in Accrued Expenses Rayable Decrease in Accounts Payable Net Cash Provided by Operating Activites $ 23900 3900 7900 43900