Solution-Prepare the net cash provided by operating

Prepare the net cash provided by operating activities

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Reference no: EM131692397

Question - The current sections of Larkspur, Inc.'s balance sheets at December 31, 2016 and 2017, are presented here. Larkspur, Inc.'s net income for 2017 was $163,098. Depreciation expense was $28,782.

	2017	2016
Current assets
Cash	$111,930	$105,534
Accounts receivable	85,280	94,874
Inventory	179,088	183,352
Prepaid expenses	28,782	23,452
Total current assets	$405,080	$407,212
Current liabilities
Accrued expenses payable	$15,990	$5,330
Accounts payable	90,610	98,072
Total current liabilities	$106,600	$103,402

Prepare the net cash provided (used) by operating activities section of the company's statement of cash flows for the year ended December 31, 2017, using the indirect method.

Reference no: EM131692397

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Prepare the net cash provided by operating activities

Reference no: EM131692397

Reference no: EM131692397

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