Question: Please solve. Current Attempt in Progress Lily Company reported net income of $193,100 for 2022. Lily also reported depreciation expense of $45,100 and a loss
Please solve.


Current Attempt in Progress Lily Company reported net income of $193,100 for 2022. Lily also reported depreciation expense of $45,100 and a loss of $6,300 on the disposal of plant assets. The comparative balance sheet shows an increase in accounts receivable of $19,600 for the year, a $21,600 increase in accounts payable, and a $3,400 increase in prepaid expenses. Prepare the operating activities section of the statement of cash flows for 2022. Use the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. 15,000 or in parenthesis e.g. (15,000).) LILY COMPANY Statement of Cash Flows (Partial) - Indirect Method $ Adjustments to reconcile net income to $
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