The current sections of Scoggin Inc.€™s balance sheets at December 31, 2019 and 2020, are presented here. Scoggin€™s net income for 2020 was $153,000. Depreciation expense was $24,000.

Instructions
Prepare the net cash provided by operating activities section of the company€™s statement of cash flows for the year ended December 31, 2020, using the indirect method.

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2020 2019 Current assets $ 99,000 $105,000 Cash Accounts receivable 110,000 89,000 Inventory Prepaid expenses 158,000 172,000 22,000 27,000 Total current assets $400,000 $382,000 Current liabilities $ 15,000 $ 5,000 Accrued expenses payable Accounts payable 85,000 92,000 $ 97,000 $100,000 Total current liabilities