To follow are the current sections of Putzier Inc\'s balance sheet at December 3

Question

To follow are the current sections of Putzier Inc's balance sheet at December 31, 2011 December 31, 2012. Putzier's net income for 2012 was $153.000. Depreciation expense for 2012 was $27,000 2012 2011 Cash Current Accounts Receivable Inventory Prepaid Expenses $105,000 $80,000 $168,000 $27,000 $380,000 $99,000 $89,000 $172,000 $22,000 $382,000 Total Current Assets Accrued Accounts Payable Current Accounts Payable $15,000 $85,000 $100,000 $5,000 $92,000 $97,000 Total Current Liabilities Instructions: Prepare the net cash provided by operating activities section below of the Statement of Cash Flows for the year ending De Putzier Inc Statement of Cash Flows For the Year Ending December 31, 2012 Net Income Cash Flow from Operations Adjustments to reconcile net income to net cash provided by operating activities Depreciation expense Change in Current Assets/Current Liabilities Accounts Receivable Inventory Prepaid Expenses Accrued Accounts Payable Accounts Payable Net Cash provided by Operating Activities

Explanation / Answer

Statement of Cash Flows

For the Year Ending December 31, 2012

Net Income 153,000 Cash flow from operations Adjustments to reconcile net income to net cash provided by operating activities Depreciation expense 27,000 Change in Current Assets / Current Liabilities : Accounts Receivable 9,000 Inventory 4,000 Prepaid expenses (5,000) Accrued Accounts Payable 10,000 Accounts payable (7,000) 38,000 Net cash provided by Operating Activities 191,000

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