Question
The current sections ofBlossomRentals balance sheets at December 31, 2021, and 2020, are presented here.Blossom' profit for 2021 was $113,220. Depreciation expense was $17,760. 2021
The current sections ofBlossomRentals balance sheets at December 31, 2021, and 2020, are presented here.Blossom' profit for 2021 was $113,220. Depreciation expense was $17,760.
2021 2020
Current assets
Cash $77,700 $73,260
Accounts receivable 81,400 65,860
Inventory 116,920 127,280
Prepaid expenses 19,980 16,280
Total current assets $296,000 $282,680
Current liabilities
Accrued expenses payable $11,100 $3,700
Accounts payable 62,900 68,080
Total current liabilities $74,000 $71,780
Prepare the net cash provided by operating activities section of the company's statement of cash flows for the year ended December 31, 2021, using the indirect method
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