Cinderella Company reports net income of $100,000 and Depreciation Expense of $50,000 for the year ending...

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Cinderella Company reports net income of $100,000 and Depreciation Expense of $50,000 for the year ending December 31, 2023. There were no gains or losses from the sale of long-term assets. They also have the partial comparative balance sheet shown below: December 31, 2023 December 31, 2022 Current Assets: Cash $30,000 $80,000 Accounts Receivable 160,000 100,000 Invertory 100,000 70,000 Prepaid Rent 20,000 10,000 Total Current Assets $310,000 $260,000 Current Liabilities: Accounts Payable Salaries Payable Total Current Liabilities $50,000 $40,000 40,000 90,000 $90,000 $130,000 Using the indirect method, prepare the operating activities section of the statement of cash flows for the year ending December 31, 2023. Cinderella Company reports net income of $100,000 and Depreciation Expense of $50,000 for the year ending December 31, 2023. There were no gains or losses from the sale of long-term assets. They also have the partial comparative balance sheet shown below: December 31, 2023 December 31, 2022 Current Assets: Cash $30,000 $80,000 Accounts Receivable 160,000 100,000 Invertory 100,000 70,000 Prepaid Rent 20,000 10,000 Total Current Assets $310,000 $260,000 Current Liabilities: Accounts Payable Salaries Payable Total Current Liabilities $50,000 $40,000 40,000 90,000 $90,000 $130,000 Using the indirect method, prepare the operating activities section of the statement of cash flows for the year ending December 31, 2023.