Business
Business, 02.09.2021 15:50, sebastianmettsovghhk

Marigold Corp. reported net income of $192,120 for 2022. Marigold Corp. also reported depreciation expense of $35,680 and a loss of $5,290 on the disposal of plant assets. The comparative balance sheets show an increase in accounts receivable of $15,560 for the year, a $16,150 increase in accounts payable, and a $4,040 increase in prepaid expenses. Prepare the operating activities section of the statement of cash flows for 2022. Use the indirect method. (Show amountsthat decrease cash flow with either a -sign e. g. -15,000 or in parenthesis e. g. (15,000).)

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Marigold Corp. reported net income of $192,120 for 2022. Marigold Corp. also reported depreciation e...

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