- 15 Question 2 of 5 View Policies Current Attempt in Progress Skysong.Inc. reported net income of $196,870 for 2022. Skysong. Inc. also reported depreciation expense of $36,940 and a loss of $4.720 on the disposal of plant assets. The comparative balance sheets show an increase in accounts receivable of $13,760 for the year, a $16,070 increase in accounts payable, and a $4,250 increase in prepaid expenses. Prepare the operating activities section of the statement of cash flows for 2022. Use the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. - 15,000 or in parenthesis e.g. (15,000).) Skysong, Inc. Partial Statement of Cash Flows Adjustments to reconcile net income to ework Question 2 of 5 decrease cash flow with either a - sign e.g.-15,000 or in parenthesis e.g. (15,000).) Skysong, Inc. Partial Statement of Cash Flows Adjustments to reconcile net income to $ Question 3 of 5 - /5 E Prepare the net cash provided (used) 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).) Sarasota Corp. Partial Statement of Cash Flows Adjustments to reconcile net income to . $ . $ Question 4 of 5 -/5 Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a sign e.3. -15,000 or in parenthesis e.g. (15,000).) Whispering Winds Corp. Statement of Cash Flows-Indirect Method $ + Adjustments to reconcile net income to $ Question 4 of 5 - 75 E adbaland Media Question 5 of 5 - /5 E View Policies Current Attempt in Progress Suppose Presented below is 2022 Information for for PepsiCo, Inc. and The Coca-Cola Company (Sin millions) PepsiCo Coca-Cola Net cash provided by operating activities $7.391 $8.947 Average current liabilities 9,319 12.296 Net income 6,572 6,494 Sales revenue 41,431 29.053 Capital expenditures 2,080 1.992 Dividends pald 2,513 3,852 Compute free cash flow for both companies and compare (Show a negative free cash flow with either a - sign e.3. - 15,000 or in parenthesis e... (15,0001.) PepsiCo Coca-Cola Free cash flow lin millions) t's free cash flow is greater - 15 Question 2 of 5 View Policies Current Attempt in Progress Skysong, Inc. reported net income of $196,870 for 2022. Skysong, Inc. also reported depreciation expense of $36,940 and a loss of $4.720 on the disposal of plant assets. The comparative balance sheets show an increase in accounts receivable of $13,760 for the year, a $16,070 increase in accounts payable, and a $4,250 increase in prepaid expenses. Prepare the operating activities section of the statement of cash flows for 2022. Use the indirect method. (Show amounts that decrease cash flow with either a - sign e.g.-15,000 or in parenthesis e.g. (15,000).) Skysong, Inc. Partial Statement of Cash Flows Adjustments to reconcile net income to ework Question 2 of 5 decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Skysong, Inc. Partial Statement of Cash Flows Adjustments to reconcile net income to e Textbook and Media