The current sections of Whispering Winds Corp.'s balance sheets at December 31, 2019 and 2020, are presented here. Whispering Winds's net income for 2020 was $152,000. Depreciation expense was $24,900. 2019 2018 Current assets Cash $106,600 $99,100 Accounts receivable 109,700 77,900 Inventory 157,000 171,900 Prepaid expenses 26,700 25,100 Total current assets $400,000 $374,000 Current liabilities Accrued expenses payable $14,600 $8,400 Accounts payable 85,500 95,100 Total current liabilities $100,100 $103,500 Prepare the net cash provided by operating activities section of the company's statement of cash flows for the year ended December 31, 2020, using the indirect method.
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Home » Business » The current sections of Whispering Winds Corp.'s balance sheets at December 31, 2019 and 2020, are presented here. Whispering Winds's net income for 2020 was $152,000. Depreciation expense was $24,900.