The current sections of Headlands Corp.'s balance sheets at December 31, 2021 and 2022, are presented here. Headlands Corp.'s netincome for 2022 was $330,200. Depreciation expense was $54,600.Current assetsCashAccounts receivableInventoryPrepaid expensesTotal current assetsCurrent liabilitiesAccrued expenses payableAccounts payableTotal current liabilities2022$80,600110,500101,40022,100$314,600$7,800114,400$122,2002021$ 115,70089,70080,60024,700$310,700$20,80093,600$ 114,400Prepare 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).)

Lets understand the basics.Cashflow statement gets divided into mainly three type of activities…

The current sections of Headlands Corp.'s balance sheets at December 31, 2021 and 2022, are presented here. Headlands Corp.'s r income for 2022 was $330,200. Depreciation expense was $54,600. Current assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Current liabilities Accrued expenses payable 2022 $80,600 110,500 101,400 22,100 $314,600 $7,800 2021 $115,700 89,700 80,600 24,700 $310,700 $ 20,800

The current sections of Headlands Corp.'s balance sheets at December 31, 2021 and 2022, are presented here. Headlands Corp.'s r income for 2022 was $330,200. Depreciation expense was $54,600. Current assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Current liabilities Accrued expenses payable 2022 $80,600 110,500 101,400 22,100 $314,600 $7,800 2021 $115,700 89,700 80,600 24,700 $310,700 $ 20,800

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Subject: acounting
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