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  3. sunland company reported net income of $202,800 fo

Sunland Company reported net income of $202,800 for 2022. Sunland Company also reported depreciation expense...

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Accounting

Sunland Company reported net income of $202,800 for 2022. Sunland Company also reported depreciation expense of $35,690 and a loss of $5,280 on the disposal of plant assets. The comparative balance sheets show an increase in accounts receivable of $14,210 for the year, a $18,260 increase in accounts payable, and a $3,950 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 e.g.-15,000 or in parenthesis e.g.(15,000).)
Sunland Company
Partial Statement of Cash Flows
For the Year Ended December 31,2022
Cash Flows from Operating Activities
Adjustments to reconcile net income to
Increase in Accounts Payable
Loss on Disposal of Plant Assets
Net Cash Provided by Operating Activities
$
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