Question: Return to Blackboard Help System Announcements (1 Unread) ECES k Exercise 17-5 The current sections of Scoggin Inc.'s balance sheets at December 31, 2016 and

 Return to Blackboard Help System Announcements (1 Unread) ECES k Exercise
17-5 The current sections of Scoggin Inc.'s balance sheets at December 31,

Return to Blackboard Help System Announcements (1 Unread) ECES k Exercise 17-5 The current sections of Scoggin Inc.'s balance sheets at December 31, 2016 and 2017, are presented here. Scoggin net income for 2017 was $151,400. Depreciation expense was $24,200. 2017 2016 Current assets Cash $103,000 $97,100 Accounts receivable 110,000 80,800 Inventory 159,000 171,500 Prepaid expenses 26,000 25,000 Total current assets $398,000 $374,400 Current liabilities Accrued expenses payable $14,500 $9,100 Accounts payable 84,500 95,600 Total current liabilities $99,000 $104,700 udy Prepare the net cash provided by operating activities section of the company's statement of cash flows for the year ended December 31, 2017, using the indirec decrease cash flow with either a sign e.g. -15,000 or in parenthesis e.g. (15,000).) SCOGGIN INC. Partial Statement of Cash Flows Adjustments to reconcile net income to SOURCES work SCOGGIN INC. Partial Statement of Cash Flows (Part Sion) Adjustments to reconcile net income to by Study $ v > > Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT VIDEO SIMILAR EXERCISE

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