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us.com/courses/28663/assignments/2760301 Skysong, Inc. reported net income of $196,870 for 2022. Skysong, Inc. also reported depreciation expense of $36.940 and a loss of pport $4,720 on

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us.com/courses/28663/assignments/2760301 Skysong, Inc. reported net income of $196,870 for 2022. Skysong, Inc. also reported depreciation expense of $36.940 and a loss of pport $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-signe.g.-15,000 or in parenthesis es. (15,000) Skysong, Inc. Partial Statement of Cash Flows For the Year Ended December 31, 2022 Cash Flows from Open Activities Net Income 196870 Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense Loss on Disposal of Plant Assets Increase in Accounts Receivable Increase in Accounts Payable earch pter 12 Homeworkx Che C o x ses/28663/assignments/2760301 Net Income 196870 Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense " 36940 Loss on Disposal of Plant Assets 4720 Increase in Accounts Receivable 13760 Increase in Accounts Payable 16070 Increase in Prepaid Expenses 4250 75740 Net Cash used by Operating Activities e Textbook and Media e Textbook

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