Prepare the net cash provided by operating activities

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Reference no: EM132219705

Question - The current sections of Scoggin Inc.'s balance sheets at December 31, 2016 and 2017, are presented here.

Scoggin's net income for 2017 was $152,400. Depreciation expense was $23,900.

	2017	2016
Current assets
Cash	$104,800	$96,200
Accounts receivable	111,500	79,200
Inventory	159,000	172,200
Prepaid expenses	26,900	25,400
Total current assets	$402,200	$373,000
Current liabilities
Accrued expenses payable	$14,500	$9,800
Accounts payable	84,400	95,900
Total current liabilities	$98,900	$105,700

Prepare the net cash provided by operating activities section of the company's statement of cash flows for the year ended December.

Reference no: EM132219705

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