Question: Your answer is partially correct. The comparative balance sheets for Splish Brothers Inc. show these changes in noncash current asset accounts accounts receivable decreased $

 Your answer is partially correct. The comparative balance sheets for Splish

Your answer is partially correct. The comparative balance sheets for Splish Brothers Inc. show these changes in noncash current asset accounts accounts receivable decreased $ 78,500, prepaid expenses increased $ 25,400, and inventories increased $ 43,700. Compute net cash provided by operating activities using the indirect method, assuming that net income is $ 217.200. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis eg. (15,000)) Splish Brothers Inc. Statement of Cash Flows-Indirect Method Cash Flows from Operating Activities Net Income 217.200 Adjustments to reconcile net income to Net Cash Provided by Operating Activities Decrease in Accounts Receivable $ 78.500 v Increase in Prepaid Expenses 25,400 Increase in Inventory 43,700 9.400 226,600 Net Cash Provided by Operating Activities

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