FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Calibri 11 MAA Paste B I U A Alignment Number Conditional Format as Cell Formatting Table Styles Cells Clipboard Font Styles H10 1 The following information is for FloorCo, Inc. for the year just ended: Beginning of year End of year $ 5. Current assets: 6 Cash 7 Accounts receivable 8 Inventory Prepaid expenses 75,000 $ 158,000 285,000 11,000 90,000 140,000 246,000 16,000 11 Current liabilities Accounts payable 13 Accrued liabiities Income taxes payable 284,000 9,500 27,000 302,000 11,200 24,000 16 Net income $ 94,500 Accumulated depreciation total credits 19 $ 45,000 21 Floor Company did not record any gains or losses during the year. 23 Prepare a schedule of net cash provided by operating activities. ESSERE FloorCo, Inc. Operating Activities Section of the Statement of Cash Flows 28 Net income 29 Adjustments to reconcile net income to net cash provided by operations: 30 Depreciation Increase in accounts receivable Increase in inventory Decrease in prepaid expenses Decrease in accounts payable Decrease in accrued liabilities Increase in income taxes payable Net cash provided by operating activities