Do not give image format The current sections of Cheyenne Corp's balance sheets at December 31, 2021 and 2022, are presented here. Cheyenne Corp.'s netincome for 2022 was $444,500. Depreciation expense was $73,500.Current assetsCashAccounts receivableInventoryPrepaid expensesTotal current assetsCurrent liabilitiesAccrued expenses payableAccounts payableTotal current liabilities2022$108,500148,750136,50029,750$423,500$ 10,500154,000$164,5002021$ 155,750120,750108,50033,250$418,250$28,000126,000$ 154,000Prepare the net cash provided by operating activities section of the company's statement of cash flows for the year ended December31, 2022, using the indirect method. (Show amounts that decrease cash flow with either a sign e.g. -15,000 or in parenthesise.g. (15,000).)Cheyenne Corp. Cheyenne Corp.Partial Statement of Cash Flows:Adjustments to reconcile net income to#:;$

Name: Do not give image format The current sections of Cheyenne Corp's balan
Uploaded: 2024-03-05T11:50:36.000Z
Channel: Bartleby
Description: Do not give image format The current sections of Cheyenne Corp's balance sheets at December 31, 2021 and 2022, are presented here. Cheyenne Corp.'s netincome for 2022 was $444,500. Depreciation expense was $73,500.Current assetsCashAccounts receivabl