The current sections of Scooters Rentals balance sheets at December 31, 2024 and 2023, are presented here. Scooters’ profit for 2024 was $153,000. Depreciation expense was $24,000. 

Instructions 

Prepare the net cash provided (used) by operating activities section of the company’s statement of cash flows for the year ended December 31, 2024, using the indirect method.

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Current assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Current liabilities Accrued expenses payable Accounts payable Total current liabilities 2024 $105,000 110,000 158,000 27,000 $400,000 $ 15,000 85,000 $100,000 2023 $ 99,000 89,000 172,000 22,000 $382,000 $ 5,000 92,000 $ 97,000