Reference no: EM132498416
The current sections of Covex Inc.'s balance sheets at December 31, 2021 and 2022, are presented here. Carla Vista Co.'s net income for 2022 was $177,800. Depreciation expense was $29,400.
2022 2021
Current assets
Cash $43,400 $ 62,300
Accounts receivable 59,500 48,300
Inventory 54,600 43,400
Prepaid expenses 11,900 13,300
Total current assets $169,400 $167,300
Current liabilities
Accrued expenses payable $ 4,200 $ 11,200
Accounts payable 61,600 50,400
Total current liabilities $65,800 $ 61,600
Question 1: Draw up 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 or in parenthesis .