The current sections of Sunn Inc.'s balance sheets at December 31, 2021 and 2022, are...
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The current sections of Sunn Inc.'s balance sheets at December 31, 2021 and 2022, are presented here. Sunn Inc.'s net income for 2022 was $153,000. Depreciation expense was $27,000. Prepare the net cash provided (used) by operating activities section of the company's statement of cash flows for the year ended December 31, 2022, using the indirect method. (Show amounts that decrease cash flow with either a sign e.g. 15,000 or in parenthesis e.g. (15,000)
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The current sections of Sunn Inc.'s balance sheets at December 31, 2021 and 2022, are presented here. Sunn Inc.'s net income for 2022 was $153,000. Depreciation expense was $27,000. Prepare the net cash provided (used) by operating activities section of the company's statement of cash flows for the year ended December 31, 2022, using the indirect method. (Show amounts that decrease cash flow with either a sign e.g. 15,000 or in parenthesis e.g. (15,000) 