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Business, 24.04.2020 15:41 g0606997

The current sections of Larkspur, Inc.’s balance sheets at December 31, 2021 and 2022, are presented here. Larkspur, Inc.’s net income for 2022 was $368,300. Depreciation expense was $60,900. 2022 2021 Current assets Cash $89,900 $ 129,050 Accounts receivable 123,250 100,050 Inventory 113,100 89,900 Prepaid expenses 24,650 27,550 Total current assets $350,900 $346,550 Current liabilities Accrued expenses payable $ 8,700 $ 23,200 Accounts payable 127,600 104,400 Total current liabilities $136,300 $ 127,600 Prepare the net cash provided 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).)

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The current sections of Larkspur, Inc.’s balance sheets at December 31, 2021 and 2022, are presented...

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