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 .