Please help me figure this out thanks Metlock Inc reported n

Please help me figure this out thanks

Metlock, Inc. reported net income of 205,840 for 2017, Metlock, Inc. also reported depreciation expense of $37,750 and a loss of $4,660 on the disposal of plant assets. The comparative balance sheets show an increase in accounts receivable of $15,940 for the year, a $15,790 increase in accounts payable, and a $4,300 increase in prepaid expenses. prepare the operating activities section of the statement of cash flows for 2017. Use the indirect method. (Show amounts that decrease cash flow with eithera -sign e.9. 15,000 or in parenthesis e.. (15,000).) Metlock, Inc. Partial Statement of Cash Flows For the Year Ended December 31, 2017 Net Income 205,840 Adjustments to reconcile net income to Depreciation Expense

Solution

Cash flows from operating activities Particulars Amount $ Amount $ Net Income     205,840 Non cash Non operating Items Add: Depreciation        37,750 Loss on disposal of plant assets          4,660       42,410 Decrease in current assets and increase in current liabilities Increase in accounts payable        15,790       15,790 Less: Increase in current assets and decrease in current liabilities Increase in accounts receivable     (15,940) Increase in prepaid expenses        (4,300)     (20,240) Net cash provided by operating activities     243,800