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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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