Question: Your answer is partially correct. Try again. The current sections of Scoggin Inc.'s balance sheets at December 31, 2019 and 2020, are presented here. Scoggin's

 Your answer is partially correct. Try again. The current sections ofScoggin Inc.'s balance sheets at December 31, 2019 and 2020, are presented

Your answer is partially correct. Try again. The current sections of Scoggin Inc.'s balance sheets at December 31, 2019 and 2020, are presented here. Scoggin's net income for 2020 was $154,700. Depreciation expense was $23,300. 2020 2019 Current assets Cash Accounts receivable Inventory $102,700 109,400 158,200 26,900 $97,700 80,000 173,000 25,900 Prepaid expenses Total current assets $397,200 $376,600 Current liabilities Accrued expenses payable Accounts payable $15,000 84,000 $9,300 95,600 Total current liabilities $99,000 $104,900 Prepare the net cash provided by operating activities section of the company's statement of cash flows for the year ended December 31, 2020, using the indirect method. Partial Statement of Cash Flows For the Year Ended December 31, 2020 Cash Flows from Operating Activities Net Income 154700 Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense 23300 Increase in Accounts Receivable 80000 Decrease in Inventory 173000 X Increase in Prepaid Expenses 25900 X Increase in Accrued Expenses Payable 9300 Decrease in Accounts Payable 95600 II Net Cash Provided by Operating Activities

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