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Lily Company reported net income of $193,200 for 2022. Lily also reported depreciation...

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Accounting

Lily Company reported net income of $193,200 for 2022. Lily also reported depreciation expense of $41,700 and a loss of $5,100 on the disposal of plant assets. The comparative balance sheets show an increase in accounts receivable of $16,400 for the year, a $18,400 increase in accounts payable, and a $3,400 increase in prepaid expenses.
Prepare the operating activities section of the statement of cash flows for 2022. Use the indirect method. (Show amounts that decrease cash flow with either a - sign es.-15,000 or in parenthesis e.s.(15,000).)
LILY COMPANY
Partial Statement of Cash Flows
Adjustments to reconcile net income to
image

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