The current sections of Ivanhoe Company's balance sheets at December 31, 2021 and 2022, are presented...

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The current sections of Ivanhoe Companys balance sheets at December 31, 2021 and 2022, are presented here. Ivanhoe Companys Prepare the net cash provided by operating activities section of the companys statement of cash flows for the year ended Dec

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Answer 1

Answer #1

Ivanhoe Company
Statement of cash flows

Cash Flows from operating activities:
Net Income		165100
Adjustments to reconcile net income to cash flow from operating activities:
Depreciation expense	$27,300
Accounts Receivables Increase(55250- 44850)	($10,400)
Inventories Increase (50700-40300)	($10,400)
Prepaid expenses decrease (11050-12350)	$1,300
Accrued Expenses payable decrease (3900-10400)	($6,500)
Accounts Payable increase(57200-46800)	$10,400
		$11,700
Net Cash provided by Operating Activities		176800

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