View Policies Current Attempt in Progress The current sections of Splish Brothers Inc's balance sheets at December 31, 2021 and 2022, are presented here. Splish Brothers's net income for 2022 was $152,000. Depreciation expense was $27,200. 2022 2021 Current assets Cash $100,500 $97,200 Accounts receivable 79,800 87,900 Inventory 167,400 171,700 Prepaid expenses 26,000 22,900 Total current assets $373,700 $379,700 Current liabilities Accrued expenses payable $15,600 $8,500 Accounts payable 85,900 95,100 Total current liabilities $101.500 $103.600 Question 7 of 8 < > -/3 E 31, ZUZZ, using the indirect method. (snow amounts that decrease cash flow with either a sign eg.-15,UUU or in parenthesis eg (15,000) Splish Brothers Inc. 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 27,200 14300 Increase in Accrued Expenses Payable 7,100 Increase in Accounts Payable Net Cash Used by Operating Activities $ eTextbook and Media 152,000