13.5

ance sheet shows a decrease in accounts reccivabie payable, and a $4,000 decrease in prepaid expenses Instructions Prepare the operating activities section of the statement of cash flows for 2020. Use the indirect method. presented here. Scoggin's net income for 2020 was $153,000. Depreciation expense was $24,000 E13.5 (LO 2), AP Th e current sections of Scoggin Inc.'s balance sheets at December 31, 2019 and 2020, are 2020 2019 Current assets Cash Accounts receivable Inventory Prepaid expenses $ 1 05,000 110,000 158,000 27,000 $400,000 $ 99,000 89,000 172,000 22,000 $382.000 Total current assets Current liabilities Accrued expenses payable Accounts payable S 15,000 85,000 $ 5,000 92,000 $ 97,000 Total current liabilities $100,000 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. E13.6 (LO 2), AP The following information is available for Stamos Corporation for the year ended December 31, 2020. Beginning cash balance Accounts payable decrease $ 45,000 3,700