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Your answer is partially correct. Try again. Assignment page The current sections of Carla Vista Co.'s balance sheets at December 31, 2021 and 2022, are
Your answer is partially correct. Try again. Assignment page The current sections of Carla Vista Co.'s balance sheets at December 31, 2021 and 2022, are presented here. Carla Vista Co.'s net income for 2022 was 5107,100. Depreciation expense was $18,900. 2022 2021 Current assets $ 69,300 $73,500 Cash 56,000 62,300 Accounts receivable Inventory 117,600 120,400 18,900 15,400 Prepaid expenses $267,400 $266,000 Total current assets Current liabilities $ 10,500 $ 3,500 Accrued expenses payable Accounts payable 59,500 64,400 $ 67,900 $70,000 Total current liabilities 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).) Carla Vista Co. Partial Statement of Cash Flows For the Year Ended December 31, 2022 Cash Flows from Operating Activities 1071000|| Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities T Depreciation Expense 18900 Decrease in Accounts Receivable Decrease in Inventory Partial Stace For the Year Ended December 31, 2022 Cash Flows from Operating Activities 1071000 Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities : 18900 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 Click if you would like to Show Work for this question: Open Show Work
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