working papers Ch12 (1) - Compatibility Mode Draw Design Layout References Mailings 12 AA Aax Ap I Uab x, AA Review >> Tell me Shan A Styles Styles Dictat T Pane Exercise 12.5 The current sections of SCorps balance sheets at Dec 31, 2021 and Dec 31, 2022, are presented below. SCorps net income for 2022 was $153,000. Depreciation expense was $27,000. + Current Assets: Cash Accounts Receivable Inventory 2021 2022 $ 105,000 $ 99,000 80,000 89,000 168,000 172,000 Prepaid Expenses 27,000 22,000 Total Current Assets 380,000 382,000 Current Liabilities: Accrued Expenses Payable 15,000 5,000 Accrued Payable 85,000 92,000 Total Current Liabilities 100,000 97,000 Instructions Prepare the operating activities section of the company's statement of cash flows for the year ended December 31, 2022, using the indirect method. SCorp. Statement of Cash Flows (partial) For the Year Ended December 31, 2022 68 words Cash flows from operating activities Net Income Adjustments to reconcile net income to net cash provided by operating activities Depreciation expense Decrease in accounts receivable Decrease in inventory Increase in prepaid expenses Increase in accrued expenses payable Decrease in accounts payable Net cash provided by operating activities 1 col-text description "increase or decrease" in a specific account. 2 col-if it is a negative amount, indicate it!. Total of 2nd column 3 col-subtotals and totals- make sure the numbers in the column total the "Net Cash (Net cash provided by oper act. exo. Incr. In accrued exo. oav. C English (India) Net inc. (Depr.exp. Decr in accts, rec. Decr, in inv.-Incr. in prepd. Decr. In accts pav.1 Focus I