w Ch. 12 - Statement X NT Create http://portallas G Google urses/126897/assignments/932500 AT&T Unified Mess... Yardi Login Yardi Voyager Plus Home G Google gin ADP World PS The current sections of Larkspur, Inc.'s balance sheets at December 31, 2021 and 2022, are presented here. Larkspur, Inc's net income for 2022 was $221,850. Depreciation expense was $39,150. 2022 2021 Current assets pus $152,250 $ 143,550 Cash on 129,050 116,000 243,600 249.400 39,150 31,900 $551,000 $553.900 Accounts receivable Inventory Prepaid expenses Total current assets Current liabilities Accrued expenses payable Accounts payable $21.750 $7.250 123,250 133,400 $145,000 $140,650 Total current liabilities Prepare the net cash provided (used) by operating activities section of the company's statement of cash flows for the year ended December 31, 2022, using the indirect method. (Show amounts that decrease cash flow with either a - signeg. 15,000 or in parenthesis eg. (15,000).) Larkspur, Inc. Partial Statement of Cash Flows For the Year Ended December 31, 2022 Cash Flows from Operating Activities 221850 Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities 39150 $ V Depreciation Expense - 7250 Increase in Accounts Receivable -7250 Increase in Inventory 7250 Decrease in Prepaid Expenses X_N_O_Pw Depreciation Expense 39150 Increase in Accounts Receivable -7250 -7250 Increase in Inventory 7250 Decrease in Prepaid Expenses - 14500 Decrease in Accrued Expenses Payable 7250 Increase in Accounts Payable Net Cash Provided by Operating Activities e Textbook and Media w NE a