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Your answer is partially correct. The current sections of Waterway Inc's balance sheets at December 31, 2021 and 2022, are presented here Waterway's net incoms

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Your answer is partially correct. The current sections of Waterway Inc's balance sheets at December 31, 2021 and 2022, are presented here Waterway's net incoms for 2022 was $150,300. Depreciation expense was $23,900 2022 2021 Current assets Cash $102,300 $97,000 Accounts receivable 70,400 80,100 Inventory 169,000 172.900 Prepaid expenses 26,900 21,900 Total current assets 9369,600 $371,900 Current liabilities Accrued expenses payable $14,000 $6.100 Accounts payable 85,900 92,400 Total current liabilities $99,900 $99,500 Prepare the net cash provided by operating activities section of the company's statement of cash flows for the year anded December 31, 2022, using the indirect method. (Show amounts that decrease cash flow with either a-signes -15.000 or in parenthesises. (15,0001) WATERWAY INC. Statement of Cash Flows (Partial) - Indirect Method For the Year Ended December 31, 2022 Cash Flows from Operating Alle Netcom 150300 Adjustments to reconcile net income to Net Cash Provided by Operating Acties Deprecation Expanse 26900 Decrease in Accounts Receivable 11200 Decrease in Inventory 5200 Increase in Prepaid Expens Increase in Prepaid Expens 5900 Decrease in Accounts Payable -9500 35400 Net Cash Provided by Operating Activ 185700

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