Question: CALCULATOR PRINTER VERSION BACK NEXT Exercise 12-4 The current sections of Carla Vista Co.'s balance sheets at December 31, 2016 and 2017, are presented here.

 CALCULATOR PRINTER VERSION BACK NEXT Exercise 12-4 The current sections of

CALCULATOR PRINTER VERSION BACK NEXT Exercise 12-4 The current sections of Carla Vista Co.'s balance sheets at December 31, 2016 and 2017, are presented here. Carla Vista Co.'s net income for 2017 was $154,224. Depreciation expense was $27,216. 2017 2016 Current assets Cash Accounts receivable Inventory Prepaid expenses $105,840 80,640 169,344 27,216 $383,040 $ 99,792 89,712 173,376 22,176 $385,056 Total current assets Current liabilities Accrued expenses payable Accounts payable $ 15,120 85,680 $100,800 $ 5,040 92,736 $ 97,776 Total current liabilities Prepare the net cash provided (used) by operating activities section of the company's statement of cash flows for the year ended December 31, 2017, 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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