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N End of year B D E 1 The following information is for FloorCo, Inc. for the year just ended: 2 3 4 Beginning of year 5 Current assets: 6 Cash $ 75,000 $ 90,000 7 Accounts receivable 158,000 140,000 8 Inventory 285,000 246,000 9 Prepaid expenses 11,000 16,000 10 11 Current liabilities Accounts payable 284,000 302,000 13 Accrued liabiities 9,500 11,200 14 Income taxes payable 27,000 24,000 15 12 00 19 $ 16 Net income $ 94,500 17 Accumulated depreciation total credits 45,000 20 21 Floor Company did not record any gains or losses during the year. 22 23 Prepare a schedule of net cash provided by operating activities. B D E 17 18 Accumulated depreciation 19 total credits $ 45,000 20 21 Floor Company did not record any gains or losses during the year. 22 +3 Prepare a schedule of net cash provided by operating activities. UNN 225 FloorCo, Inc. 26 Operating Activities Section of the Statement of Cash Flows 27 28 Net income 19 Adjustments to reconcile net income to net cash provided by operations: BO Depreciation 31 Increase in accounts receivable 32 Increase in inventory 33 Decrease in prepaid expenses Decrease in accounts payable 35 Decrease in accrued liabilities 36 Increase in income taxes payable 37 Net cash provided by operating activities 38 39 40 41 Sheet1 34 +