Your answer is partially correct. The current sections of Waterway Inc.'s balance sheets at December 31,...

  

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Your answer is partially correct. The current sections of Waterway Inc.'s balance sheets at December 31, 2021 and 2022, are presented here Waterway's net income for 2022 was $150,300. Depreciation expense was $23,900. 2022 2021 Current assets Cash $103,300 $97,000 Accounts receivable 70,400 80,100 Inventory 169,000 172,900 Prepaid expenses 26,900 21,900 Total current assets $369,600 $371,900 Current liabilities Accrued expenses payable $14,000 $6,100 Accounts payable 85,900 92,400 Total current liabilities $99,900 $98,500 Prepare the net cash provided 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-sign eg-15.000 or in parenthesis eg. (15,000)) WATERWAY INC. Statement of Cash Flows (Partial) - Indirect Method For the Year Ended December 31, 2022 Cash Flows from Operating Activities Net Income 150300 Adjustments to reconcile net income to Net Cash Provided by Operasing Activi Depreciation Expense Decrease in Accounts Receivable Decrease in Inventory Increase in Prepaid Expenses Increase in Prepaid Expenses Decrease in Accounts Payable 35400 Net Cash Provided by Operating Activities V 185700 OOOOO! 26900 11200 $200 -4300 5900 -9500 Your answer is partially correct. The current sections of Waterway Inc.'s balance sheets at December 31, 2021 and 2022, are presented here Waterway's net income for 2022 was $150,300. Depreciation expense was $23,900. 2022 2021 Current assets Cash $103,300 $97,000 Accounts receivable 70,400 80,100 Inventory 169,000 172,900 Prepaid expenses 26,900 21,900 Total current assets $369,600 $371,900 Current liabilities Accrued expenses payable $14,000 $6,100 Accounts payable 85,900 92,400 Total current liabilities $99,900 $98,500 Prepare the net cash provided 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-sign eg-15.000 or in parenthesis eg. (15,000)) WATERWAY INC. Statement of Cash Flows (Partial) - Indirect Method For the Year Ended December 31, 2022 Cash Flows from Operating Activities Net Income 150300 Adjustments to reconcile net income to Net Cash Provided by Operasing Activi Depreciation Expense Decrease in Accounts Receivable Decrease in Inventory Increase in Prepaid Expenses Increase in Prepaid Expenses Decrease in Accounts Payable 35400 Net Cash Provided by Operating Activities V 185700 OOOOO! 26900 11200 $200 -4300 5900 -9500 Your answer is partially correct. The current sections of Waterway Inc.'s balance sheets at December 31, 2021 and 2022, are presented here Waterway's net income for 2022 was $150,300. Depreciation expense was $23,900. 2022 2021 Current assets Cash $103,300 $97,000 Accounts receivable 70,400 80,100 Inventory 169,000 172,900 Prepaid expenses 26,900 21,900 Total current assets $369,600 $371,900 Current liabilities Accrued expenses payable $14,000 $6,100 Accounts payable 85,900 92,400 Total current liabilities $99,900 $98,500 Prepare the net cash provided 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-sign eg-15.000 or in parenthesis eg. (15,000)) WATERWAY INC. Statement of Cash Flows (Partial) - Indirect Method For the Year Ended December 31, 2022 Cash Flows from Operating Activities Net Income 150300 Adjustments to reconcile net income to Net Cash Provided by Operasing Activi Depreciation Expense Decrease in Accounts Receivable Decrease in Inventory Increase in Prepaid Expenses Increase in Prepaid Expenses Decrease in Accounts Payable 35400 Net Cash Provided by Operating Activities V 185700 OOOOO! 26900 11200 $200 -4300 5900 -9500 Your answer is partially correct. The current sections of Waterway Inc.'s balance sheets at December 31, 2021 and 2022, are presented here Waterway's net income for 2022 was $150,300. Depreciation expense was $23,900. 2022 2021 Current assets Cash $103,300 $97,000 Accounts receivable 70,400 80,100 Inventory 169,000 172,900 Prepaid expenses 26,900 21,900 Total current assets $369,600 $371,900 Current liabilities Accrued expenses payable $14,000 $6,100 Accounts payable 85,900 92,400 Total current liabilities $99,900 $98,500 Prepare the net cash provided 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-sign eg-15.000 or in parenthesis eg. (15,000)) WATERWAY INC. Statement of Cash Flows (Partial) - Indirect Method For the Year Ended December 31, 2022 Cash Flows from Operating Activities Net Income 150300 Adjustments to reconcile net income to Net Cash Provided by Operasing Activi Depreciation Expense Decrease in Accounts Receivable Decrease in Inventory Increase in Prepaid Expenses Increase in Prepaid Expenses Decrease in Accounts Payable 35400 Net Cash Provided by Operating Activities V 185700 OOOOO! 26900 11200 $200 -4300 5900 -9500

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A B WATERWAY INC Statement of Cash Flows PartialIndirect Method For the Year Ended December 31 2022 ... View the full answer