Solution-Prepare the net cash provided by operating

Prepare the net cash provided by operating activities

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Reference no: EM132770023

Question - The current sections of Sage Hill Inc.'s balance sheets at December 31, 2021 and 2022, are presented here. Sage Hill Inc.'s net income for 2022 was $292,100. Depreciation expense was $48,300.

	2022	2021
Current assets Cash	$71,300	$102,350
Accounts receivable	97,750	79,350
Inventory	89,700	71,300
Prepaid expenses	19,550	21,850
Total current assets	$278,300	$274,850
Current liabilities Accrued expenses payable	$6,900	$18,400
Accounts payable	101,200	82,800
Total current liabilities	$108,100	$101,200

Required - 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.

Reference no: EM132770023

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Prepare the net cash provided by operating activities

Reference no: EM132770023

Reference no: EM132770023

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