(Answered) Question - the current sections of larkspur incs balance

Accounting

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.

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