Exercise 12-05 Your answer is partially correct. Try again. The current sections of Buffalo Corp.'s balance sheets at December 31, 2021 and 2022, are presented here. Buffalo Corp.'s net income for 2022 was $114,750. Depreciation expense was $20,250. 2022 2021 Current assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Current liabilities Accrued expenses payable Accounts payable Total current liabilities $78,750 60,000 126,000 20,250 $285,000 $ 74,250 66,750 129,000 16,500 $286,500 $ 11,250 63,750 $75,000 $ 3,750 69,000 $ 72,750 Prepare the net cash provided (used) by operating activities section of the company's statement of cash flows for the year ended December 31, 2022, using the indirect method. (Show amounts that decrease cash flow with elther a-sign e.g.-15,000 or in parenthesis e.g. (15,000).) Buffalo Corp. Partial Statement of Cash Flows For the Year Ended December 31, 2022 ) Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense Decrease in Accounts Receivable Decrease in Inventory Increase in Prepaid Expenses Increase in Accrued Expenses Payable Decrease in Accounts Payable Net Cash Provided by Operating Activities | Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT LINK TO VIDEO By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor. Question Attempts: 1 of 3 used