Reference no: EM132499285

The current sections of Pearl Corp.'s balance sheets at December 31, 2021 and 2022, are presented here. Pearl Corp.'s net income for 2022 was $279,400. Depreciation expense was $46,200.

                                                   2022                       2021

Current assets

Cash                                           $68,200              $ 97,900

Accounts receivable                      93,500                75,900

Inventory                                    85,800                 68,200

Prepaid expenses                             18,700               20,900

Total current assets                      $266,200               $262,900

Current liabilities

Accrued expenses payable            $ 6,600                     $ 17,600

Accounts payable                         96,800                       79,200

Total current liabilities                   $103,400                    $ 96,800

Question 1: 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 e.g. -15,000 or in parenthesis e.g. (15,000).)