Question

Your answer is partially correct. Try again. The current sections of Monty Corp.'s balance sheets at December 31, 2021 and 2022, are presented here. Monty Corp.'s net income for 2022 was $406,400. Depreciation expense was $67,200. 2022 2021 $99,200 136,000 124,800 27,200 Current assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Current liabilities Accrued expenses payable Accounts payable Total current liabilities $ 142,400 110,400 99,200 30,400 $382,400 $387,200 $ 9,600 140,800 $150,400 $ 25,600 115,200 $ 140,800 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. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

Answer 1

Monty Corpn.
Cash Flow Statement(Partial)
Net Income		$             4,06,400.00
Operating Activities
Depreciation Expense	$                            67,200.00
Increase in Accounts Receivable($136000-110400)	$                           -25,600.00
Increase in Inventory($124800-$99200)	$                           -25,600.00
Decrease in Prepaid Expenses($27200-$30400)	$                              3,200.00
Increase in Accounts Payable($140800-$115200)	$                            25,600.00
Decrease in Accured expenses payable($9600-$25600)	$                           -16,000.00	$               28,800.00
Net Cash Provided by Operating Activity=(A)		$          4,35,200.00